Posted: Oct 17, 2005 By: Jeffery A. Riegel

Subject: Tax Reform Findings

Comment: I find it difficult to understand how excluding tax on home loans greater than 300K and exempting deduction of Employee paid health insurance meet the committees stated goals of ;
• 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
I think the committee needs to take a better look at the fair tax act.

Jeffery A. Riegel