NMMA asks for tax reform comments

WASHINGTON - The National Marine Manufacturers Association is encouraging its members to provide feedback and ideas that will improve upon the existing tax system, NMMA said in a recent release.

Former Florida Senator Connie Mack, chairman of the President's Advisory Panel on Federal Tax Reform, said recently he wanted to learn from all tax payers about “headaches, unnecessary complexity, and burdens that taxpayers - both individual and businesses - face because of the existing tax system.”

“Senator Mack's request for comments is a rare opportunity for our members to influence the future form of the U.S. tax code,” said Monita Fontaine, NMMA vice president of government relations. “This is a real opportunity for manufacturers to make significantly positive and proactive steps affecting their bottom line.

“Our members have told me that permanent repeal of the estate tax is a start and we are working on that, but I suspect there are many ideas that could make the system easier to use as well as leveling the playing field for all tax payers.”

On Jan. 7, President Bush established the Advisory Panel by Executive Order. Its purpose is to submit to the Secretary of the Treasury a report with revenue neutral policy options for reforming the Federal Internal Revenue Code.

The panel composed of up to nine members appointed by the president. Former Louisiana Senator John Breaux is also a member.

Mack will use the input to help the panel identify goals as it formulates recommendations for tax reform. NMMA members should participate by sending comments to Jeff Gabriel, NMMA legislative counsel, by email - jgabriel@nmma.org no later than March 11.

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