Posted: Oct 20, 2005 By: ALLEN REINING

Subject: TAX REFORM

Comment:
Dear TAX REFORM ADVISORS: C. MACK, J. BREAUX, W. FRENZEL, E. GARRET, E. LAZEAR, T.MURRIS, J. PORTERBA, C. ROSSOTTI, L. SONDERS, AND J. KUPFER.

I'M IMPRESSED WITH ALL YOUR CREDENTIALS AND FELT CONFIDENT IN YOUR JUDGEMENT. HOWEVER, THE RECENT BANDAID RECOMENDATION IS AN ABOMINATION; IT DOES NOT ADDRESS SECTION 3 A,B,AND C OF THE PRESIDENT'S EXECUTIVE ORDER. IT IS OBVIOUS THE FAIR TAX ACT H.R. 25 WAS NOT READ IN ANY DETAIL BY THE PANEL. H.R.25 WOULD BE EASIER TO ADDRESS ANY NEEDED IMPROVISIONS THAN THE CURRENT TAX CODE.
The FairTax Act, a bipartisan bill sponsored by John Linder (R-GA) and Collin Peterson (D-MN) would remove the burden of the income tax and other federal income-based taxes.

The current tax system is incomprehensible. It is beyond reform. It simply has to go.

The FairTax Act would replace the current tax system with national consumption tax that will:

Allow Americans to keep 100% of their paychecks, pensions, and Social Security payments.
Dramatically reduce the cost of goods and services by 20% to 30%.
Allow families to save more for homeownership, education, and retirement.
Raise the same amount of money for the federal government.
Make American products more competitive overseas.
I urge you to heed the vast majority of voters who will surely support you if you are seen as responsible for passage of this historical tax reform measure.

THANK YOU.
Sincerely,

ALLEN REINING