Tuesday, October 18, 2005

WATCH OUT when the government calls for "fairness and simplication"!

Panel to Urge Bush to Consider 2 Alternative Tax Plans

By DAVID E. ROSENBAUM (New York Times)
Published: October 18, 2005

WASHINGTON, Oct. 18 - President Bush's tax advisory commission agreed today to recommend two alternative tax plans, both of which would limit or eliminate almost all tax deductions, including the ones for state and local income and property taxes...

"We have focused on big picture ideas that would improve the tax system for a large number of Americans.. Simplification has driven this...(a)lso fairness." (Chairman--former Florida Senator Connie Mack)



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