Statement of U.S. Senator Max Baucus Regarding the President’s Advisory Panel on Federal Tax Reform
(WASHINGTON, D.C.) Today, U.S. Senator Max Baucus, Ranking Member of the SenateFinance Committee, issued the following statement regarding the announcement of thePresident’s Advisory Panel on Federal Tax Reform.
“My former colleagues John Breaux and Connie Mack bring a wealth of knowledge andexpertise to the President’s Advisory panel. However, this panel will face enormous challengesas they move ahead. A major change from our income tax to another type of tax involvesenormous complexities and difficulties. We learned this lesson in the 1995 and 1996 debates onfundamental tax reform. So, what we need to do is work together to look at significant andmeaningful simplification of our current system. This is an achievable goal. The advisory panelcan serve an important role in soliciting ideas and building public support for Congress tosignificantly simplify the tax code.”
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