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President's Advisory Panel on Federal Tax Reform

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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

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The task force was created by the President's Executive Order 13369, amended by subsequent orders 13379 and 13386.

Report

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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

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Panel members included:

References

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