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Policy Areas: Tax Policy
After President Bush’s reelection, speculation on the Hill placed
the President’s effort to overhaul the current tax code as a top
priority for his second term. On
January 7, 2005 President Bush announced appointees to a new Tax
Reform Commission, "I
believe this is an essential task for our country — it's a task
that will treat our taxpayers more fairly," Bush said.
Former Senators Connie Mack (R-FL), and John Breaux (D-LA),
will be the chair and co-chair of the commission, respectively.
The additional of Democrat John Breaux to the
conservative-created commission will undoubtedly broaden the current
Tax Reform debate to include divergent voices to the commission as
Breaux is rated as a "Big Spender" on his previous tax votes
by the National Taxpayers Union.
Regardless of political affiliation, virtually all Americans agree
that taxes should be simple, fair, and efficient.
Disagreement arises only over the debate of how to define and
achieve those objectives.
With the President’s strong emphasis placed on Tax Reform
and with the tax code and supporting regulations now consuming some 9 million
words and more than 60,000 pages, Tax Reform has become as important
an issue as ever before. From the left to the right, reforming the tax code to foster fairer
economic growth while creating a simpler system will be a historic
effort for all Americans.
CRS Issue Briefs for Congress: Tax Policy
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Reports & Publications: Tax Policy
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Organizations: Tax Policy
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Key Players: Tax Policy
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