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President Obama Forms Tax Reform Panel
Posted By Curtis Dubay On March 25, 2009 @ 3:21 pm In Ongoing Priorities | 7 Comments
Out of the blue today, President Barack Obama followed in President George W. Bush’s footsteps and announced the formation of his own tax reform panel . President Obama should be applauded for taking on the important work of reforming the tax code because it badly needs an overhaul. Hopefully, the Obama tax reform panel can build on the excellent foundation laid by the Bush panel, and that President Obama can then bring the effort home in signed legislation.
President Obama needs to elaborate further on the goals of the panel, its membership, and its processes. This is especially important since his past comments regarding tax policy offer little guidance about the possible focus of the panel, and his announced tax policies to date are more disturbing than encouraging. The panel also needs experts, in addition to those already named, with a deeper understanding of tax policy and political views that balance out the perspective of the group.
To be successful, the panel’s final plan must:
Tax reform focused on economic growth through neutral taxation and on tax simplification is a task that requires and can create a bi-partisan effort worthy of the President’s efforts.
Article printed from The Foundry: Conservative Policy News Blog from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2009/03/25/president-obama-forms-tax-reform-panel/
URLs in this post:
 his own tax reform panel: http://www.bloomberg.com/apps/news?pid=20601087&sid=a8yCQsJfpb24&refer=home
 to increase the incentives to work, save, invest and take on risk: http://www.heritage.org/Research/Taxes/wm2152.cfm
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