Posted on 10/15/2005 12:45:23 AM PDT by beyond the sea
When President Bush formed his President’s Advisory Panel on Federal Tax Reform he charged that panel with developing a tax reform proposal that would achieve three principal objectives:
1. The proposal should simplify the Federal tax code so as to reduce the costs of tax compliance.
2. The proposal should promote home ownership and charitable giving.
3. The proposal should promote economic growth, job creation and encourage individual saving and investment while strengthening the competitiveness of the US in the global economy.
We now have a clear indication of the proposals that will come from the president’s tax reform panel, and it’s fair to say that not one of the above objectives will be realized, much less addressed. The tax reform panel, having failed to follow its mandate, should be dissolved immediately and the panel members sent off to create mischief elsewhere.
(Excerpt) Read more at townhall.com ...
"FairTax"!!
True, but that doesn't go far enough. A change in the tax system will change EVERYTHING. Go see
Winners and Losers under the 'FairTax'
http://www.freerepublic.com/focus/f-news/1493038/posts
And you should also be aware that the points about "winners and losers" were wwell refuted by the 450 posts on that thread.
The poster is an anti-FairTax advocate.
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