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President's Tax Reform Panel: Increased Burdens for Working Families, Less Tax for the Wealthiest Americans

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Publication Date: October 2005

Publisher(s): Economic Policy Institute

Author(s): Max Sawicky

Topic: Banking and finance (Taxation and tax policy)

Type: Brief

Abstract:

On November 1, the President's Advisory Panel on Federal Tax Reform is scheduled to deliver its report and recommendations. The Commission has already discussed basic principles and released some ideas informally.

This Briefing Paper provides some guidance on basic questions that are expected to be raised in the upcoming report. Although some of the commission's ideas, taken in piecemeal form, have some merit, the overall approach signals further reduction in the tax burdens of the wealthy, and increased taxes on working families.