Posted: Oct 12, 2005 By: William Grant

Subject: Proposals

Comment: I guess the members of this joke of a panel did not understand the purpose of the panel’s existence. They were to bring forth proposals to (a) simplify Federal tax laws to reduce the costs and administrative burdens of compliance; (b) share the burdens and benefits of the Federal tax structure in an appropriately progressive manner while recognizing the importance of homeownership and charity; and (c) 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.
There was apparently no attempt to address any of these measures. Their hideous recommendations will only serve to make the tax laws more complex, shift even more of the tax burden to those who drive our economy and promote more flight of capital out of the US to foreign countries.
Karl Marx would be proud of you all. Congratulations on a job NOT DONE.