Senate Tax Revision Bill
Sen. Bob Packwood’s (R-Ore.) tax reform bill is the only tax reform we have ever seen in this country. I believe it should be passed just as it came out of the Finance Committee.
The outcry over the IRA deletion is only a result of the media’s great interest in the advertising revenue generated by IRA advertising on radio, television and in the print media.
Anyone enrolled in a company pension plan or a state or local government pension plan has no deduction from their taxes for pension contributions, so why the IRA deduction?
FRANK LOFTUS
Santa Monica
Get the L.A. Times Politics newsletter
Deeply reported insights into legislation, politics and policy from Sacramento, Washington and beyond. In your inbox three times per week.
You may occasionally receive promotional content from the Los Angeles Times.
