The future of US tax?

Recently, the Presidential Fiscal Commission released its draft proposal of the future of the US tax structure. It has a number of dramatic tax options that would significantly change the structure of taxes here in the US. If you are interested in some light to moderate reading, the document is provided in the link below.

Co-Chairs Tax Proposal

Also, the Commission also proposed $200 billion in spending cuts, noted in the document below. You'll find it very interesting.

Federal Spending Cuts Proposal