« Previous · Tax Update Blog Home · Next »
One day after a Senate taxwriter said tax reform would be put off to 2007, House Majority Leader Tom DeLay said otherwise:
"We cannot put it off," he said. "I’m glad to see the tax reform commission is being serious about what they may recommend."
That makes sense; it's unlikely that tax reform will happen at all in the Bush administration if it's delayed to 2007. Still, this part of the report makes us question how reliable his tax observations are:
DeLay is a longtime supporter of a consumption tax and said he is pleased with how the national sales tax bill from Rep. John Linder R-Ga., has gained momentum.
"I think a lot of people are starting to push aside the flat tax idea because they know it won’t work longer than two years."
That's about two years longer than sales tax rates over 35% would work.
• Tax Reform Bookmark: del.icio.us • Digg • reddit
The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to