Tax Panel Seeks Public Comment On Possible Changes to the Tax System

February 25, 2005

Senator Connie Mack, Chairman of the President's Advisory Panel on Federal Tax Reform, announced at the Panel's first meeting, February 16, 2005 that the Panel is seeking public comments on the following issues:

  1. Complexity, and burdens that taxpayers - both individuals and businesses - face because of the existing system.
  2. Aspects of the tax system that are unfair.
  3. Specific examples of how the tax code distorts important business or personal decisions.
  4. Goals that the Panel should try to achieve as it evaluates the existing tax system and recommends options for reform.
At this point, the Panel is not asking for specific proposals.

Information on how to submit comments as well as details on the required format for comments are available at http://www.taxreformpanel.gov/contact/. Comments submitted in connection with this first request must be received by the Panel no later than 5:00 p.m. on March 18, 2005. All comments submitted will be made available to the public.

The President's Advisory Panel on Federal Tax Reform was established by President Bush on January 7, 2005. President Bush has charged the bipartisan panel with recommending reforms to the tax code that will make the U.S. tax system simpler, fairer and more growth oriented.

Further details are available on the Panel's website at www.taxreformpanel.gov

Source: President's Advisory Panel on Federal Tax Reform


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.