President's Advisory Panel for Federal Tax Reform

From Wikipedia, the free encyclopedia
Jump to: navigation, search

On January 7, 2005, President George W. Bush announced the establishment of the President's Advisory Panel for 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]

  1. ^ ""Final Report"" (HTML with PDF chapters). taxreformpanel.gov. President's Advisory Panel for Tax Reform. November 1, 2005. Retrieved 2010-10-13. 

External links[edit]