1、1 U.S. President (Bush), “Presidents Advisory Panel on Federal Tax Reform,” Executive Order13369, Federal Register, vol. 70, no. 008, Jan. 12, 2005. Also available at (continued.)Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS222
2、42September 7, 2005Tax Reform and the Goal of RevenueNeutralityGregg EsenweinSpecialist in Public FinanceGovernment and Finance DivisionSummaryThe Presidents Advisory Panel on Tax Reform has been tasked to issue a reportwith revenue neutral policy options for reforming the federal Internal Revenue C
3、ode.The executive order establishing the Advisory Panel specifies neither the baseline northe time horizon for achieving revenue neutrality.If the Advisory Panel uses current law (the CBO revenue baseline) as itsbenchmark for revenue neutrality, then the reform proposal will have to raise taxesrelat
4、ive to their current levels by $2.3 trillion over the next 10 years. However, usingcurrent law as its benchmark is problematic because current law does not fully take intoaccount anticipated or possible changes to the tax system. If the Advisory Panel includesthe effects of these possible changes to
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