TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, October 31, 2008

Business Roundtable Tax Wishlist

The Business Roundtable has sent a letter to President Bush, congressional leaders, Federal Reserve Chairman Ben Bernanke, and the presidential campaigns with a wish list of tax cuts.

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Its nice to know. Could please send the list or publish it for the benefit of internet users.

Thanks my friend.

Posted by: Small Business Accountants | Nov 1, 2008 10:20:58 PM

Why on earth wouldn't the Business Roundtable simply adopt the FairTax proposal [H.R. 25] ? It does away with business income and payroll taxes, gets the gov't OUT of business checkbooks.

Under the FairTax, business is asked to simply collect the 23% consumption tax (or 30% sales tax) in return for reducing costs of compliance, tax lawyers, tax planning, CPA's, bookkeepers, accounting dept's, lost time dickering around with theIRS, etc. ad naseum.

Guess the Roundtable has too many CPA's advising them in order to keep their expertise relevant.

Posted by: Ian Repley | Nov 2, 2008 12:15:06 AM