Posted: Apr 24, 2005 By: Stephen Cole

Comment: Kudos to the panel for tackling this thorny issue. You will find that each
and every deduction, credit and entitlement has its constituency and if you
propose to eliminate or curtail these exceptions to universal taxation
you'll have EVERYONE up in arms. Of course I'm not telling you anything you
don't already know.

I would suggest that you have an opportunity here to make the US far more
competitive globally by making our tax system more efficient. Get rid of
ALL deductions, credits, entitlements, perks, etc., including Pres. Bush's
twin sacred cows: Charitable Contributions and Mortgage Interest Deductions.
Get rid of them ALL!

Replace the current system with a combination of a flat tax and a VAT,
scaled to not hammer the poorest and most destitute among us. Get rid of
the CPA's, lawyers, lobbyists and political greenmail that has perverted our
political-economic-budgetary process.

In your report, you have the opportunity to place the US on a path to a
sustainable economic model for the 21st century.

Best wishes and blessings,

Stephen Cole

A concerned citizen.