The measures to close the tax gap offered by President Bush in his 2008 budget are somewhat modest, according to observers.The president's $2.9 trillion budget contains a number of legislative proposals to close the gap in four areas: by expanding information reporting, improving compliance by businesses, strengthening tax administration and expanding penalties.
The president's proposal "contained surprisingly few proposals aimed at narrowing the tax gap," said Robert Kerr, senior director of government relations for the National Association of Enrolled Agents.
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