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Politics : Politics for Pros- moderated

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To: LindyBill who wrote (90843)	12/16/2004 10:15:07 AM
From: Lane3	Read Replies (1) of 793801

<<The discussion of tax-code changes was striking for what was absent. Gone were the expansive ideas that dominated Republican tax debates in the 1990s -- scrapping the entire tax code, for example, and replacing it with a single flat income tax rate or a national sales tax.>> Sigh! <<Treasury Department officials have a wealth of tax reform proposals from Bush's first term to draw on, including one that fits many of the ideas endorsed by yesterday's panelists. Those ideas include repealing the alternative minimum tax, establishing generous new savings accounts that would effectively end investment taxation for almost all Americans, simplifying tax rates and allowing most business investment to be fully deductible. Those changes would be paid for by ending the deductibility of state and local taxes and taxing health insurance and Social Security benefits as income.>> Double sigh!

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