Report: Bush Won't Push Tax Reform in '06

KERNERSVILLE, N.C. -- Concerned about getting major tax reform through Capitol Hill during an election year, President Bush is unlikely to make it part of his domestic agenda in 2006, Time Magazine first reported this week.

Instead, he once again called on Congress to make permanent the income tax cuts enacted in his first term, which he said is keeping the economy growing, according to Newsday.

"One way to keep this economy growing is to have certainty in our tax code, and to help you keep ... more of your paycheck, and so the United States Congress needs to make this tax relief permanent," Bush said Monday at Deere-Hitachi Construction Machinery Corp. in Kernersville, N.C.

Stung by the defeat of his Social Security reform agenda, Bush may spend next year trying to raise support for revamping the tax code before pushing it in 2007, Time reported.

-- NYSSCPA.org News Staff

Posted on 12/6/05