Bush Extends Tax Reform Deadline

NEW YOR -- President Bush has extended until the end of September a deadline for a panel to submit recommendations for reforming the federal income tax code, CNN/Money reported Friday.

The President's Advisory Panel on Federal Tax Reform, which has spent the last five months holding public hearings on the tax system, was originally due to release a proposal by July 31. Bush signed an order Thursday extending the deadline to Sept. 30.

Taylor Griffin, a Treasury Department spokesman, said the panel was on track to meet its earlier deadline, but said Treasury and White House officials felt that this summer's legislative plate was already full.

Griffin cited a number of top priorities, including Social Security, a new anti-terrorism bill, judicial nominations, and the budget.

-- NYSSCPA.org News Staff

Posted on 6/17/05