Tax Reform Panel's Third Hearing

Tampa Small Business Will Host Tax Reform Panel's Third Hearing On March 8th

The President's Advisory Panel on Federal Tax Reform today announced that SAGO Networks, a small technology business in Tampa, Florida, will host the Panel's third hearing. The hearing will be held on Tuesday, March 8, 2005 at 9:30 a.m. at 4465 W. Gandy Boulevard, Tampa, Florida, 33611. Former Senators Connie Mack and John Breaux serve as the Chairman and Vice -Chairman of the President's Advisory Panel on Federal Tax Reform. The Panel's third hearing will focus how the tax system affects businesses and entrepreneurs. The witness list for this hearing will be provided at a later date.

About SAGO Networks: Sago Networks is a technology services company that provides solutions for all of its customers' bandwidth and custom telecommunications needs. From its headquarters in the Tampa Bay area and satellite offices in Miami and Dallas, Sago has implemented multiple rapidly deployable, high-speed wireless networks and maintains one of the largest bandwidth datacenters in the country. sagonetworks

About the Tax Reform Panel: The President's Advisory Panel on Federal Tax Reform was established by President Bush on January 7, 2005. President Bush has charged the bipartisan panel with recommending reforms to the tax code that will make the U.S. tax system simpler, fairer and more growth oriented. ###

Alan Greenspan, et al, Advisory Panel on Federal Tax Reform

Remarks by Chairman Alan Greenspan Chairman Board of Governors of the Federal Reserve System before the President.s Advisory Panel on Federal Tax Reform Washington, D.C. March 3, 2005

"Simplification of an overly complex structure was another important accomplishment of the 1986 reform. Unfortunately, tax code drift since 1986 has evolved to a point where taxpayers are again confronted with great complexity. Indeed, an individual taxpayer may have difficulty even knowing his or her marginal tax rate because of the overlapping web of deductions and exemptions and the provisions that attempt to limit those deductions and exemptions. And many taxpayers are now required to compute their liability under two systems--the regular income tax and the alternative minimum tax. Such challenges also affect lower-income households, who face the complexities of the Earned Income Tax Credit. A simpler tax code would reduce the considerable resources devoted to complying with current tax laws, and the freed-up resources could be used for more productive purposes. Thus, greater simplicity would, in and of itself, engender a better use of resources."

• Directions


• Agenda
  • Written Statement of Senator Connie Mack
  • Written Statement of Chairman Alan Greenspan
  • Written Statement of Secretary James A. Baker, III
  • Written Statement of Commissioner Mark W. Everson
  • Testimony of Nina E. Olson
  • Testimony of Joel B. Slemrod
  • Testimony of Leonard Burman
  • Testimony of Claudia Hill
  • Written Statement of Thomas Rinaldi
• Transcripts (to be posted when available