‘Where’s the Reform,’ Tax Groups Wonder
A new article on CNSNews.com catalogs some of the early disappointment in response to the President’s tax commission. An excerpt:
The Free Enterprise Fund, a group that lobbies for lower taxes, blasted what it called tax hikes masquerading as reforms.
The group warned that if President Bush welcomes his panel’s recommendations, it could erode the chance for meaningful tax reform for at least another decade.
“The president appointed this panel and he should dismiss it before it causes any further damage,” said FEF Chief Economist Larry Hunter. “He must make clear that his vision is for real, fundamental tax reform.”
According to a preliminary analysis by the Free Enterprise Fund, it looks like the advisory panel is getting ready to recommend a “massive tax hike” on the middle class to pay for tax relief on upper-income elites.
FEF said some of the panel’s recommendations would particularly hurt those who live in high-tax states such as New York or California.
“It’s time to scrap the current economically destructive tax system and replace it with a simple and efficient single-rate consumption-based tax that does not penalize work, saving, investing and entrepreneurial risk-taking,” Hunter said.
“It’s not too late for President Bush to move genuine tax reform but he’ll have to ignore his own panel to do it.”
See the full article for more.
(sung to the tune of an old Pepsodent jingle)
You’ll wonder where the RE-form went
‘Cuz the panel to us Kool-Aid sent.