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NEWS-FEDERAL, ¶12, Tax Reform Panel Announces First Meeting

Tax Reform Panel Announces First Meeting

President Bush's Advisory Panel on Federal Tax Reform will hold its first public meeting on February 16 in Washington, D.C. Panel members will focus on a general overview on the current Tax Code and tax issues, according to Jeff Kupfer, the panel's executive director. They will not solicit public comments at this meeting but will in future ones, he added. Participants invited to present information at the meeting will be announced by the panel at a later date, Treasury spokesman Rob Nichols said.

Chaired by former Senators Connie Mack, a Florida Republican, and John B. Breaux, a Louisiana Democrat, the panel will recommend tax reform options to by July 31. They will "look at everything," Kupfer explained, including a national sales tax and a value-added tax.

The panel will also consider using the current Tax Code as a base for reform, such as reducing current tax rates. Legislation resulting from the panel's recommendations could be ready by autumn, Treasury Secretary John Snow has indicated.

The meeting will be held at the Ronald Reagan Building and International Trade Center Amphitheater in Washington, D.C. Taxpayers wanting to send written comments can submit them by mail to The President's Advisory Panel on Federal Tax Reform, 1440 New York Avenue NW., Suite 2100, Washington, D.C. 20220. An electronic address may be available in the future. All written comments will be made available to the public.

 
 

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