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<a href="http://www.accessmylibrary.com/coms2/summary_0286-12206362_ITM" title="Facts and information about The state and local implications of federal tax reform: it is imperative that Congress understand the negative impact some of the Panel's proposals would have on state and local governments, particularly the elimination of the state and local tax deductions.(Federal Focus)">The state and local implications of federal tax reform: it is imperative that Congress understand the negative impact some of the Panel's proposals would have on state and local governments, particularly the elimination of the state and local tax deductions.(Federal Focus)</a>
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The state and local implications of federal tax reform: it is imperative that Congress understand the negative impact some of the Panel's proposals would have on state and local governments, particularly the elimination of the state and local tax deductions.(Federal Focus)
On November 1, the President's Advisory Panel on Federal Tax Reform delivered its much-anticipated report to Treasury Secretary John Snow. President Bush created the Panel in January to recommend options for making the tax code simpler, fairer, and more conducive to economic growth. While the cornerstone of the Panel's report is the repeal of the Alternative Minimum Tax, it also includes many provisions that would be harmful to state and local governments if the recommendations were to become law. The Panel reached consensus on two tax reform platforms--the Simplified Income Tax Plan and the Growth and Investment Tax Plan. Both plans recommend repeal of the AMT, a measure ...
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Source: HighBeam Research, The state and local implications of federal tax reform: it is...