Tax reform panel would end most deductions | TheNewsTribune.com | Tacoma, WA

Tax reform panel would end most deductions | TheNewsTribune.com | Tacoma, WA: "Tax reform panel would end most deductions

MARY DALRYMPLE; The Associated Press
Published: October 19th, 2005 12:01 AM
WASHINGTON – Most deductions, credits and other tax breaks would be eliminated along with much of the paperwork and equations that baffle taxpayers under a drastically simplified income tax proposed by a presidential commission Tuesday.

The President’s Advisory Panel for Federal Tax Reform, charged with developing ideas to make taxes fairer, simpler and more economically productive, endorsed two alternatives for inclusion in a report due Nov. 1."