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Friday, September 30, 2005
Committee for Econ. Development Releases Tax Plan
The Committee for Economic Development released a comprehensive tax reform proposal entitled A New Tax Framework: A Blueprint for Averting a Fiscal Crises this past Tuesday at the National Press Club in Washington, DC. The CED proposal calls for a new hybrid federal tax system featuring a phased-in 10 percent Value-Added Tax (VAT) to supplement a reformed and streamlined federal income tax.
Notably, the report recommends the retention of the estate tax at the 2009 levels under current law ($3.5 million exemption and 45 percent marginal tax rate).
Read the Report:
Press Release (.pdf)
Executive Summary (.pdf)
Full Report (.pdf)
Posted by Adam Hughes
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