Subject: Rumor Mill Comment: There has been a lot of talk about the recommendation that your panel is about to make this month. The talk is mainly around the limit of Interest deductions and health care costs for business. How does either of these recommendations meet the initial charge? 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. It does not reduce costs or administration as it adds additional Lines to the code. It does not promote growth in fact it will lessen the velocity of the housing industry. Directly against the Presidents charge. It indirectly punished homeowners and people who work by making homeownership and healthcare more expensive. It is not revenue neutral. This seems to be a total political dodge. American Taxpayers money was spent in order to meet the Presidents charge. You wasted that money! You did not do what was asked, instead you let your political views and the want for political power get in the way of what is right. You have placed us one step closer to imploding under the tax code as it stands. I hope one day you will feel the pain that you are causing the People of this country. If you slaughter the cow there is no milk. |