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LINDER STATEMENT REGARDING THE RELEASE OF THE PRESIDENT'S ADVISORY PANEL ON FEDERAL TAX REFORM RECOMMENDATIONS
November 1, 2005
On November 1, 2005, Congressman John Linder (R-GA) made the following statement regarding the release of the President’s Advisory Panel on Federal Tax Reform recommendations:
“The Mack-Breaux Tax Reform Commission announced its tax reform recommendations earlier today. True to early reports, the Commission punted on the issue of true fundamental reform in favor of nibbling around the edges of tax codes. While I applaud the Commission for its limited work, such as coming to grips with the benefits and burdens of mortgage interest and employer-provided health insurance deductibility, by failing to propose fundamental reform the Commission simply perpetuates the economic drag on our economy that is the American tax code - a drag that disproportionately burdens America’s working families.
“I remain hopeful, however, that Treasury Secretary Snow in his recommendations to President Bush will reach far beyond the limited foundation laid by the Tax Commission and propose true tax replacement in the form of a consumption tax - perhaps even a consumption tax that mirrors my FairTax proposal. The FairTax, the fundamental tax reform plan with more co-sponsors than any other bill in Congress, abolishes the entire income and payroll tax code and replaces it with a personal consumption tax on the purchase of new goods and services.
“As disappointed as I am by the Mack-Breaux Tax Reform Commission’s modest tax reform proposal, I am comforted in the knowledge that the report is only a small first step in what will be serious and fruitful Congressional action on fundamental tax reform in 2006. I urge Treasury Secretary Snow, President Bush, and my colleagues on both sides of the aisle in the House and the Senate to look seriously at the FairTax and to join me in exploring comprehensive options for preparing America’s tax code and its economy for the challenges of the 21st century.”
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