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Committee Detail

Hide Section - GENERAL INFORMATION

GENERAL INFORMATION

Committee NamePresident's Advisory Panel on Federal Tax ReformAgency NameDepartment of the Treasury
Fiscal Year2006Committee Number24645
Original Establishment Date1/7/2005Committee StatusTerminated
Actual Termination Date11/15/2005Committee URLhttp://www.taxreformpanel.gov/index.shtml
New Committee This FYNoPresidential Appointments*Yes
Terminated This FYYesMax Number of Members*9
Current Charter Date1/28/2005Designated Fed Officer Position Title*Associate Chief Counsel (General Legal Services), IRS Office of Chief Counsel
Date Of Renewal Charter Designated Federal Officer Prefix
Projected Termination Date11/15/2005Designated Federal Officer First Name*Mark
Exempt From Renewal*YesDesignated Federal Officer Middle NameS
Specific Termination AuthorityEO 13369, EO 11379, EO 13386Designated Federal Officer Last Name*Kaizen
Establishment Authority*PresidentialDesignated Federal Officer Suffix
Specific Establishment Authority*EO 13369Designated Federal Officer Phone*202-283-7900
Effective Date Of Authority*1/7/2005Designated Federal Officer Fax*202-283-7979
Committee Type*Ad hocDesignated Federal Officer Email*mark.s.kaizen@irscounsel.treas.gov
Presidential*No
Committee Function*National Policy Issue Advisory Board
Hide Section - RECOMMENDATION/JUSTIFICATIONS

RECOMMENDATION/JUSTIFICATIONS

Agency Recommendation*Terminate
Legislation to Terminate RequiredNo
Legislation Status 
How does cmte accomplish its purpose?*First, the Panel took a comprehensive look at the current tax system to ensure that the Panel fully understood the current problems with the system, specifically its complexity, its impact on economic growth, and its preceived unfairness. Second the Panel considered specific options for reform, including modifications to the current system, overhauling the curent system, or replacing the current system. The Panel studied the major reform proposals that have been offered in the past as well as new proposals. This was done through various means including research, analysis, and public meetings.
How is membership balanced?*The Panel consists of former members of Congress, former Government officials, including a former IRS Commissioner, members of the academic community, and the financial services industry. This diverse membership provides the necessary insight into Congress' role in enacting tax legislation, how the IRS administers the tax law, the economic impact of the tax law on the global and domestic economies, businesses and individuals, and on investment and economic growth.
How frequent & relevant are cmte mtgs?*The Panel held ten public meetings in FY 2005 and two additional meetings in FY 2006. The meetings focused on the issues raised by the current tax system and reviewing various options for reform of the system. The Panel heard from present and former IRS and Treasury officials regarding the history of the Tax Code and their views of various reform options. The Panel also heard from many distinguished economists, attorneys and business leaders regarding the impact of the complexity of the Tax Code on economic growth; personal savings, financial planning and decision-making; the impact of compliance on small business; and the impact of the Tax Code on international competitiveness. In addition, proponents of various reform options made presentations to the Panel. The costs and benfits of these reform options were discussed and those discussions were informed by research and analysis conducted by the Panel staff and others.
Why advice can't be obtained elsewhere?*There is nearly universal agreement that the tax system must be reformed. The Internal Revenue Code is complex, discourages economic growth, savings and investment, and hinders the competitiveness of American businesses abroad. In addition, compliance with the Code is costly, complex, and burdensome. At his remarks on the appointment of the Panel's Chair and Vice Chair, President Bush indicated that tax reform is a task that will treat our taxpayers more fairly. A simple code will make it easier on the taxpayers. But its an important task in order to make sure the economic growth we are seeing in the United States continues forward.
Why close or partially close meetings?The Panel has not held any closed meetings.
Recommendation Remarks
Hide Section - PERFORMANCE MEASURES

PERFORMANCE MEASURES

Outcome Improvement To Health Or Safety*NoAction Reorganize Priorities*No
Outcome Trust In GovernmentYesAction Reallocate ResourcesNo
Outcome Major Policy ChangesYesAction Issued New RegulationsNo
Outcome Advance In Scientific ResearchNoAction Proposed LegislationNo
Outcome Effective Grant MakingNoAction Approved Grants Or Other PaymentsNo
Outcome Improved Service DeliveryNoAction OtherYes
Outcome Increased Customer SatisfactionNoAction CommentThe options proposed by the Panel are being analyzed by Treasury's Office of Tax Policy. They may be revised and incorporated into proposals made by the Administration for Congressional action.
Outcome Implement Laws/Reg RequirementsYesGrants Review*No
Outcome OtherYesNumber Of Grants Reviewed0
Outcome CommentThe Panel was charged with developing options for Federal tax reform to improve the efficiency with which revenues are provided for the common defense, vital social programs, and other goals of shared purpose while ensuring that such costs are fairly borne by all.Number Of Grants Recommended0
Cost Savings*Unable to DetermineDollar Value Of Grants Recommended$0.00
Cost Savings CommentAbsent adaptation and adoption of the Panel's proposals, cost savings cannot be determine. Moreover, the Panel was charged with developing revenue neutral proposals, that is, proposals that would not change aggregate revenue collected.Grants Review CommentNA
Number Of Recommendations*2Access Contact Designated Fed. Officer*Yes
Number Of Recommendations CommentThe Panel proposed two options for tax reform: a Simplified Income Tax Plan and a Growth and Investment Tax Plan.Access Agency WebsiteYes
% of Recs Fully Implemented*0.00%Access Committee WebsiteYes
% of Recs Fully Implemented CommentThe options proposed by the Panel are being analyzed by Treasury's Office of Tax Policy. They may be revised and incorporated into proposals made by the Adminstration for Congressional action.Access GSA FACA WebsiteYes
% of Recs Partially Implemented*0.00%Access PublicationsNo
% of Recs Partially Implemented CommentThe options proposed by the Panel are being analyzed by Treasury's Office of Tax Policy. They may be revised and incorporated into proposals made by the Administration for Congressional action.Access OtherYes
Agency Feedback*Not ApplicableAccess CommentFinal Report of the Panel printed by GPO for public purchase and freely availabe on the Internet at http://www.taxreformpanel.gov/final-report
Agency Feedback CommentNANarrative Description*The Panel was charged with making a comprehensive examination of the current tax system to ensure that the Panel fully understands the problems and concerns with the Federal tax system, specifically its complexity, its impact on economic growth, and its perceived unfairness. The Panel was then to consider specific options for reform, including modificaitons to the current system, overhauling the current system, or replacing the current system. The Panel submitted a report, Simple, Fair, and Pro-Growth: Proposals to Fix America's Tax System, to the Secretary of the Treasury in November 2005 providing options for reforming the Federal Internal Revenue Code. The Panel was terminated in December 2005. The Office of Tax Policy has responsibility for analyzing the Panel's options for tax reform.
Hide Section - COSTS

COSTS

Payments to Non-Federal Members*$0.00Est Payments to Non-Fed Members Next FY*$0.00
Payments to Federal Members*$0.00Est. Payments to Fed Members Next FY*$0.00
Payments to Federal Staff*$213,000.00Estimated Payments to Federal Staff*$0.00
Payments to Consultants*$0.00Est. Payments to Consultants Next FY*$0.00
Travel Reimb. For Non-Federal Members*$40,000.00Est Travel Reimb Non-Fed Members nextFY*$0.00
Travel Reimb. For Federal Members*$0.00Est Travel Reimb For Fed Members*$0.00
Travel Reimb. For Federal Staff*$2,000.00Est. Travel Reimb to Fed Staff Next FY*$0.00
Travel Reimb. For Consultants*$0.00Est Travel Reimb to Consultants Next FY*$0.00
Other Costs$319,000.00Est. Other Costs Next FY*$0.00
Total Costs$574,000.00Est. Total Next FY*$0.00
Federal Staff Support (FTE)*1.00Est. Fed Staff Support Next FY*0.00
Hide Section - Custom Links

Custom Links

     Committee Level Reports               
Hide Section - MEMBERS,MEETINGS AND ADVISORY REPORTS

MEMBERS,MEETINGS AND ADVISORY REPORTS

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Hide Section - CHARTERS AND RELATED DOCS

CHARTERS AND RELATED DOCS

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Hide Section - DATA FROM PREVIOUS YEARS

DATA FROM PREVIOUS YEARS

Committee

Data from Previous Years

 
ActionCommittee System IDCommittee NameFiscal Year
 COM-013387President's Advisory Panel on Federal Tax Reform2005