Bush's tax-deform panel: the president's panelists are saying some of the right things, but their "reform" package is a hoax--that can be turned into an opportunity.(TAX POLITICS)

THE PRESIDENT'S ADVISORY PANEL on Federal Tax Reform is mouthing some surprisingly attractive lines about improving our tax system. A panel appointed by Mr. Big Deficits points out that "we have lost sight of the fact that the fundamental purpose of our tax system is to raise revenues to fund government." Mr.

Loophole's appointees argue that "a rational system would favor a broad tax base, providing special treatment only where it can be persuasively" justified. Despite President Bush's devotion to shifting taxes away from the rich, his panel insists that we ...

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