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White House Gets an Earful on Tax Simplification

October 1, 2009

There were ideas a-aplenty when the Obama administration invited an influential group to offer up their thoughts on tax reform.

The tax subgroup of the President’s Economic Recovery Advisory Board held its first public meeting on Wednesday after hearing complaints about closed-door meetings. Most of the participants, who included representatives from the National Federation of Independent Business and the U.S. Chamber of Commerce, as well as Detroit accountant Marshall Hunt, had ideas about how to excise excessive taxes and tax rules. One of Hunt’s ideas was to simplify the nanny tax and education-related tax breaks, according to The Wall Street Journal.

Other suggestions included consolidating the number of savings programs such as 401(k) plans, IRAs, Simple IRAs, health savings accounts, and medical savings accounts into just a few, and simplifying the home-office deduction and depreciation allowances.

In case you missed the meeting, there’s a replay available on the White House’s Web site at Unfortunately it starts in mid-conversation, leaving one wondering if some latter-day Rose Mary Woods did the taping.

If you have your own ideas about reforming the Tax Code, you can drop a line to Those who prefer paper are asked to confine their thoughts to five single-spaced pages of text. The tax reform subcommittee also asks that people not recommend a whole new tax system, meaning that no matter what, we’re still basically stuck with the present one.

Comments (2)
I believe this administration is doggedly persuing reform for the good of the country as promised.But,when it comes to change in DC,good judgement and sound policies are put afront the system and given a backseat.Congress and the President would do well to stop gerymandering and get on with the business of America,which is business.I believe the economic situation(as well as the war in the middle east)should be fully taken care of before any more quick fixes are added to an overburdened middle-class taxpaYER.
Posted by mmsel69 | Monday, October 05 2009 at 12:38PM ET
Anytime the president will be willing to listen in to tax suggestions he will get more than an earful. Though I think it may be worthless, it is always a nice gesture. I kinda follow the idea of a single sales tales tax that has been presented by But the likely hood is 0 to none.
Posted by vbpoutsourcing | Friday, October 02 2009 at 4:51PM ET
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