I've been rattling off a canned two-line description of the restrictions put on the work of the President's Advisory Panel on Tax Reform for so many months now, that I've stopped recognizing the restrictions for what they are.
If you've been following the work of the panel since President Bush assembled the nine-person group in January, the gist of those restrictions is probably familiar. Charged with submitting reforms to the tax code aimed at making the system "simpler, fairer and more oriented to economic growth," the panel was also instructed to keep its proposals revenue-neutral. That "revenue-neutral" bit in particular I've been tossing off without a great deal of thought.
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