President Bush says he will wait at least 2 months to start revising the tax code.[@@]
The president has talked about making the tax code simpler and more fair, and officials in his administration have talked about shifting toward more consumption-based taxes, away from an income-based tax strategy.
But now the president has signed a document, Executive Order 13369, giving the President’s Advisory Panel on Federal Tax Reform until Sept. 30 to come up with proposed reforms.
The original deadline had been July 31.