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Bush Pushing Tax Reform Email Print

By Georgia10
11/01/2005 09:17:20 AM EST

Looks like another dead-end plan:
WASHINGTON - Chosen to find a simpler way to tax the nation, a presidential panel is set to recommend two designs that would rewrite virtually every tax law for individuals and businesses.

Under the plan, most deductions, credits and other tax breaks would be eliminated along with much of the paperwork and equations that baffle taxpayers under a drastically simplified income tax.

But many have wondered whether the key recommendations may be too unpopular to ever be enacted by Congress.


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< Woman loses nose in encounter with seal | Subject change Redux - Bush to unveil nation's bird flu plan >
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Bush Pushing Tax Reform | 3 comments (3 topical, editorial, 0 hidden)
Quack (none / 0)
Somebody hear a lame duck quacking?  Please Georgie B, try to make this fly.  Pleeaase!  This isn't an issue that I've dug into very deeply, and I suspect that I'd be on board with cutting out many of the deductions and complications in the tax code.  It seems to me that an awful lot of that is either aimed at preserving the wealth of the wealthiest Americans, or is outright harmful, like the mortgage deduction.  (donning flameproof suit!)  BUT, actually implementing it would be a sure loser, especially coming from this administration.  

2008 Presidential Primaries. STARTING NOW

by Austin in PA on 11/01/2005 12:39:41 PM EST

Tax Reform is Essential (none / 0)
Unfortunately, the Bush agenda is so clearly corrupt and anti-social that as much as I applaud this effort, I am sickened at the thought of the crooks and croneys crafting such important changes.

For me, it's the paperwork. I still haven't filed for 2003 (the taxes have been paid and then some) -- although it finally is with my accountant. I'm still quickbooking 2004 (those taxes have been overpaid, as well). If I go to jail it won't be for evasion. It will be for a failure to reach closure with all the required paperwork.


It's okay to be a sheep, but not at the wheel.

by Pluto on 11/01/2005 01:56:29 PM EST

How is Bush going to justify (none / 0)
eliminating deductions for non-profits and keeping them for churches?  You know they can't get rid of that deduction.

A good plan today is better than a perfect plan tomorrow.

by Webster on 11/01/2005 03:34:56 PM EST

Bush Pushing Tax Reform | 3 comments (3 topical, 0 editorial, 0 hidden)
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