Paul L. Caron

Wednesday, March 25, 2009

Obama to Name Tax Task Force

President Barack Obama plans to name a task force to review and make recommendations for overhauling the tax code.  The task force will be led by former Federal Reserve Board Chairman Paul Volcker, Chair of the Economic Recovery Advisory Board.  The staff director will be Austan Goolsbee.  Other members will be Martin Feldstein (Harvard; former chief economic adviser to President Reagan); Laura D’Andrea Tyson (UC-Berkeley; former economic adviser to President Clinton; Roger Ferguson (CEO Teachers Insurance & Annuity Association; former vice chairman of the Federal Reserve); and William Donaldson (Former Chair, SEC). The panel will have only two constraints: (1) no tax increases in 2009 and 2010; and (2) no tax increases thereafter on families making than $250,000.

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Tracked on Mar 26, 2009 6:49:12 AM


So this is basically a task force for rubber-stamping his preexisting plans? Ridiculous. This would be like Bush inviting some well-known Democrats to come up with his foreign policy plan in 2001: the only rule is, they have to conclude that we must attack Iraq.

Posted by: TaxRascal | Mar 25, 2009 11:48:19 AM

I'm getting old, but it seems I remember every President in the past 30+ years naming some sort of committee or commission to reform the tax code.

Here we go again.

Posted by: save_the_rustbelt | Mar 25, 2009 9:50:24 AM