The President's Advisory Panel on Tax Reform has begun meeting. Rather than any major initiatives to reform our tax system, they are beginning the usual process of offering a few crumbs to make folks feel good and think that reform is helping them, without addressing any of the structural problems.
The National Dialogue on Entrepreneurship reports that the Panel has implemented an electronic suggestion box for the public to give suggestions.
"Many suggestions are already coming in. For example, the National Association for the Self-employed has urged the panel to support several changes to current tax rules: 1) Allow the self-employed to deduct health insurance as a business expense, 2) Clarify current rules for home office deductions, and 3) Simplify rules for identifying the tax status of independent contractors."
Fundamental reform? Forget about it! By the time this panel is done, the tax code will be at least another inch or two thicker.
