November 10, 2005
Presidential Committee Suggests Tax-Law Changes
TAX WATCHAn advisory committee to the Bush administration has recommended that the government make big revisions to the way the federal tax code treats charitable donations.
The President's Advisory Panel on Federal Tax Reform, formed by Mr. Bush to suggest ways to overhaul and simplify tax laws, concluded in its final report that the government should:
- Allow all taxpayers to deduct charitable gifts on their federal income tax returns.
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