(WASHINGTON, D.C.) Today, U.S. Senator Max Baucus, Ranking Member of the Senate
Finance Committee, issued the following statement regarding the announcement of the
President’s Advisory Panel on Federal Tax Reform.
“My former colleagues John Breaux and Connie Mack bring a wealth of knowledge and
expertise to the President’s Advisory panel. However, this panel will face enormous challenges
as they move ahead. A major change from our income tax to another type of tax involves
enormous complexities and difficulties. We learned this lesson in the 1995 and 1996 debates on
fundamental tax reform. So, what we need to do is work together to look at significant and
meaningful simplification of our current system. This is an achievable goal. The advisory panel
can serve an important role in soliciting ideas and building public support for Congress to
significantly simplify the tax code." (WASHINGTON, D.C.) Today, U.S. Senator Max Baucus, Ranking Member of the SenateFinance Committee, issued the following statement regarding the announcement of thePresident’s Advisory Panel on Federal Tax Reform.
“My former colleagues John Breaux and Connie Mack bring a wealth of knowledge andexpertise to the President’s Advisory panel. However, this panel will face enormous challengesas they move ahead. A major change from our income tax to another type of tax involvesenormous complexities and difficulties. We learned this lesson in the 1995 and 1996 debates onfundamental tax reform. So, what we need to do is work together to look at significant andmeaningful simplification of our current system. This is an achievable goal. The advisory panelcan serve an important role in soliciting ideas and building public support for Congress tosignificantly simplify the tax code."
