The tax subcommittee of the Presidents Economic Recovery Advisory Board has decided to postpone its report outlining tax reform plans for the White House after being inundated with suggestions.
The tax subcommittee of the PERAB was scheduled to release its report on December 4th. But we have received more than 500 submissions of serious tax reform ideas from the public, both in person and on our website, and we had to cut them off to meet the original deadline, said a statement by PERAB chairman Paul Volcker, a former chairman of the Federal Reserve, posted on the White House blog. I want us to review as many suggestions as possible and to have sufficient time to fully consider the hundreds of suggestions that have come in already. I have asked the Administration to extend our deadline and to reopen the website for submissions so that we can hear the widest possible range of ideas.
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