Washington - Witnesses at the inaugural meeting of President Bush's Advisory Panel on Federal Tax Reform, held here last month, laid the groundwork for considering the roster of options facing panel members, who are saddled with the daunting task of recommending specific changes to the behemoth Internal Revenue Code.Former senator Connie Mack, chairman of the reform panel, said that the group would "take a fresh look at the existing tax code and will formulate options for making the tax system simple, fair and productive."
"The president is committed to major tax reform, to real tax reform - something more than just moving the boxes around," Treasury Secretary John Snow told the panel. The nine-member panel is charged with presenting their recommendations to Snow by July 31, 2005.
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