Comment on FR Doc # 2026-12561
Maxwell McLaughlinSupportIndividual
Summary: Maxwell J. McLaughlin, a private citizen, supports the proposed FAR overhaul and advocates for specific revisions to Parts 5, 24, and 29. He argues that the FAR should adopt "Performance Obligations" (POBs) terminology to align federal contracting with corporate tax law (Public Law 115-97), ensure transparency for taxpayers, and prevent contractors from using "proprietary" labels to shield financial data from government oversight.
Introduction: The Tower of Babel and the G-Invoicing Cure
Federal transparency and tax parity are trapped in a financial Tower of Babel defined by a massive language barrier. The Defense Industrial Base (DIB) already speaks fluently in "Performance Obligations" (POBs) when filing with the SEC and IRS (pursuant to Public Law 115-97), declaring their federal contracts as monolithic POBs to optimize tax and revenue liabilities. However, because the FAR does not utilize POB terminology, the Government remains completely blind to these declarations, settling for fragmented, "proprietary" cost data that contradicts the DIB's tax reality. Fortunately, the Treasury’s G-Invoicing system proves that defining transactions by explicit POBs is entirely compatible with the FAR. By forcing the Government to adopt POB terminology in Parts 5, 24, and 29, the Council can pierce the veil of proprietary data shielding, legally bind federal contracting to corporate tax mandates, and deliver absolute, unified public transparency.