‘Blank Slate’ Approach is a Good Step Toward Tax Reform

By Ray Pinard | July 10, 2013

Here’s an interesting article by J.D. Foster from FreeEnterprise.com

On the last workday of June Senate Finance Committee Chairman Max Baucus (D-MT) and Ranking Member Orrin Hatch (R-UT) launched their “blank slate” approach to tax reform in what might be termed the Tax Reform Unofficial Summer Lobbyist and Lawyers Full Employment Act. The Senators sent a Dear Colleague announcing open season on tax provisions as the Finance Committee continues to match strides with the Chairman Dave Camp’s (R-MI) House Ways and Means Committee toward fundamental tax reform.

Baucus and Hatch declared their intention to “operate from an assumption that all special provisions are out unless there is clear evidence that they (1) help grow the economy, (2) make the tax code fairer, or (3) effectively promote other important policy objectives.”

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