Posted: Apr 24, 2005 By: John Mitchell

Comment: 4/22/05

Presidents Advisory Panel

I would like to weigh-in for the middle class on tax
reform as serious defects exist and serious threats to
Americans are being proposed.

1. No flat tax or VAT tax, as both of these are
regressive taxes requiring those who make the least to
pay the highest percentage of their disposal income on

2. Fix "alternate minimum" tax to restore its
original purpose and not an extra burden on the middle
class. It should be indexed to avoid future problems.

3. Extend the IRC 125 rule to retired people so
that they too may pay their medical benefits pre tax.
Require pension funds to provide this feature.

John Mitchell

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