Meeting for the first time since July, the President's Advisory Panel on Federal Tax Reform began focusing discussions on what recommendations will be included in its report, due on Nov. 1.
Panel Chairman Connie Mack , a former senator, said the day's agenda would include discussions of three major tax expenditures in the current code -- housing, charity and health care. The executive order that established the panel asked the group to recognize, "the importance of homeownership and charitable giving in American society." Mack said provisions relating to health care are the single largest set of tax preferences in the code, affecting almost all Americans.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access