Posted: Oct 13, 2005 By: David Lindsey

Subject: News about tax plan

Comment: I am very disturbed at the news that the tax reform panel is leaning toward making the current tax system even more complicated by the proposal to severely limit the deduction for mortgage interest and medical insurance premiums. We need tax simplification with some type of flat tax or “fair” tax. Somehow you need to realize when you raise taxes you reduce revenues. Static analysis will always fail.

Do not penalize those who buy residences and are able to deduct interest! I am very disappointed in this panel and hope the president does with this report what Clinton did with the Medicare reform report – ignore it