President's Advisory Panel on Federal Tax Reform
| This article is part of a series on |
| Taxation in the United States |
|---|
 |
 United States portal |
On January 7, 2005, President George W. Bush announced the establishment of the President's Advisory Panel on Federal Tax Reform, a bipartisan panel to advise on options to reform the United States income tax code to make it simpler, fairer, and more pro-growth to benefit all Americans.
Origins
[edit]The task force was created by the President's Executive Order 13369, amended by subsequent orders 13379 and 13386.
Report
[edit]On November 1, 2005, the Advisory Panel submitted to the Secretary of the Treasury a report containing revenue-neutral policy options for reforming the Federal Internal Revenue Code. The options are meant to:
- simplify Federal tax laws to reduce the costs and administrative burdens of compliance with such laws;
- share the burdens and benefits of the Federal tax structure in an appropriately progressive manner while recognizing the importance of homeownership and charity in American society; and
- promote long-run economic growth and job creation, and better encourage work effort, saving, and investment, so as to strengthen the competitiveness of the United States in the global marketplace.[1]
Members
[edit]Panel members included:
References
[edit]- ↑ ""Final Report"". taxreformpanel.gov. President's Advisory Panel for Tax Reform. November 1, 2005. Retrieved 2010-10-13.
 | This tax-related article is a stub. You can help Wikipedia by adding missing information. |
