Since its first meeting in February, the president's Advisory Panel on Federal Tax Reform has heard testimony and statements from more than 80 witnesses, and examined everything from the philosophical underpinnings and history of our current tax system, to the economic impact of potential tax systems.

A recent two-day meeting heard testimony from 25 witnesses, and examined the merits of the value-added tax, the consumed-income tax, a retail sales tax, the flat tax, reform of the existing code and alternative reform proposals.

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