Contrary to the popular opinion that the current movement to reform the tax code will result in little or no change, Treasury Secretary John Snow said by next year, he expects to be making a push for "far-reaching" reform legislation. Speaking before the Tax Executives Institute last week, Snow said, "Knowing this president -- who doesn't like doing little things, he likes doing big things -- if we come up to him with a little tax package, he's probably going to send us back to the drawing board." However, Snow declined to elaborate on any specific reform measures. The President's Advisory Panel on Federal Tax Reform -- a bi-partisan group charged with recommending reforms to the tax code that would make it simpler, fairer and more growth oriented -- has held a total of six public meetings. The reform panel is under a mandate to deliver its recommendations to Snow by July 31.
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