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Economic News, Data and Analysis

Reform panel apparently not afraid to take on political battles

WSJ.com – White House Panel Seeks Simpler Tax Code
After an August break, the panel will resume meeting next week and is expected to issue its recommendations by the end of September. Among breaks the commission is examining are those for employer-provided health insurance, state and local taxes, home-mortgage interest, 401(k) contributions and charitable contributions. Depending on what the White House and Congress do with the commission’s recommendations, higher-income earners eventually could see some or all of those deductions diminish while other tax relief is added.

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Filed under: Economics

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