Subject: Fair Tax Comment: My understanding is that your panel was tasked with the following by President Bush: "The Advisory Panel will submit to the Secretary of the Treasury a report containing revenue neutral policy options for reforming the Federal Internal Revenue Code as soon as practicable, but not later than November 1, 2005. These options should: - 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." It seems to me that the Fair Tax plan is the best answer. Can you please explain why you haven't promoted this plan? |