Public Offers Tax Reform Ideas to Obama Commission
August 27, 2010
President Obama's Economic Recovery Advisory Board (PERAB) has a tax reform subcommittee that requested comments and ideas from the public for tax reform. You can view the 383 submitted comments here.
Supporters of the FairTax proposal, which would replace much of the federal tax system with a national sales tax, were out in force: nearly 40% of the comments advocated that reform. Flat tax supporters made up another 10% or so. Many of the other comments were not so much about tax reform ideas, but asking that taxes be reduced for their particular situations: graduate student stipends, makers of vegetable oil from algae, credit card interest, all student loan interest, health expenses, and so forth. One person recommended a 100% tax on all income over $100,000.
Check out the comments here.