Greenspan To Testify Before US Tax Reform Panel

by Mike Godfrey, Tax-News.com, Washington

03 March 2005

Federal Reserve Chairman Alan Greenspan will be among the several eminent witnesses that are scheduled to testify before the President’s advisory panel on tax reform in Washington today, in the first of three hearings to be held during the month of March.

In what will be the second meeting of the panel since its inception earlier in the year, today’s witnesses are to be asked to describe the problems presented by the complexity of the tax system, and provide additional perspectives on tax reform.

Besides Greenspan, the panel will receive input from the former Secretary of State, James Baker; Internal Revenue Service Commissioner, Mark Everson; and National Taxpayer Advocate, Nina E. Olson.

Testimony on the issue of the Alternative Minimum Tax will also be provided by Leonard Burman, Senior Fellow at the Urban Institute and co-director of the Urban-Brookings Tax Policy Center.

On March 8, the panel will move on to Tampa, Florida, where the subject of how the tax system affects businesses and entrepreneurs will be examined.

The panel will then travel to Chicago, Illinois, on March 16, where the meeting will focus on how the tax code influences important taxpayer decisions.

Recommended