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President's Advisory Panel on Federal Tax Reform

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The President's Advisory Panel on Federal Tax Reform was established January 7, 2005, by President George W. Bush via Executive Order. [1]

Advisory Panel Purpose

In accordance with the EO [2]: "The purpose of the Advisory Panel shall be to submit to the Secretary of the Treasury in accordance with this order a report with revenue neutral policy options for reforming the Federal Internal Revenue Code. These options should:

  • simplify Federal tax laws to reduce the costs and administrative burdens of compliance with such laws;
  • share the burdens and benefits of the Federal tax structure in an appropriately progressive manner while recognizing the importance of homeownership and charity in American society; and
  • promote long-run economic growth and job creation, and better encourage work effort, saving, and investment, so as to strengthen the competitiveness of the United States in the global marketplace.
  • At least one option submitted by the Advisory Panel should use the Federal income tax as the base for its recommended reforms.

Panel Members

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