The Advisory Panel's Tax Reform Proposals

Gravelle, Jane G.

Library of Congress. Congressional Research Service.

关键词: Taxation;    Presidential commissions;    Tax reform;    Presidents;   

RP-ID  :  RL33545
RP-ID  :  RL33545 2006-07-13

美国|英语

来源: UNT Digital Library

【 摘 要 】

In early 2005, the President appointed a tax reform advisory panel to formulate tax reform proposals. The report of the President’s Advisory Panel on Tax Reform, issued in November 2005, recommended two reform plans to consider: 1) a revised income tax, referred to as the simplified income tax (SIT); and 2) a consumption tax coupled with a tax on financial income, referred to as the growth and investment tax (GIT). This report discusses the provisions and implications of these two taxes in detail.