WASHINGTON - The President's Advisory Panel on Federal Tax Reform has held its first meeting and announced that it is seeking public comments on tax issues. President Bush established the panel to make recommendations on ways to create a simpler, fairer, and more pro-growth tax system. The panel stated that it is looking for comments on the following:

  • Unnecessary complexity and burdens that taxpayers - both individuals and businesses - face because of the existing system.

  • Aspects of the tax system that are unfair.

  • Specific examples of how the tax code distorts important business or personal decisions.

  • Goals that the panel should try to achieve as it evaluates the existing tax system and recommends options for reform.

    At this point, the panel is not asking for specific proposals.

    Information on how to submit comments as well as details on the required format for comments are available at www.taxreformpanel.gov/contact/. Comments submitted in connection with this first request must be received by the panel no later than 5:00 p.m. on March 18, 2005. All comments submitted will be made available to the public.

    The President's Advisory Panel on Federal Tax Reform was established by President Bush on Jan. 7, 2005. Further details on this initiative are available at www.taxreformpanel.gov.

    Publication date: 02/28/2005