At present, a broad consensus exists that the U.S. tax code does not satisfy these criteria and is in need of reform. I suspect that it is too much to ask the commission to review the tax code in detail, but a full picture of our budgetary dilemma will require attention to the strengths and weaknesses of our current system of raising revenue.
Page 10 of 14  I cannot stress strongly enough that it will only be possible to reduce bank lending rates in a financially sustainable manner if banks can lower their operating costs. Bringing down operating costs will almost certainly entail greater use of innovative technologies, including IT, to deliver banking services.