White House Extends Tax Panel’s Reporting Deadline

by Mike Godfrey, Tax-News.com, Washington

21 June 2005

The White House has released a new Executive Order extending the deadline for the President's Advisory Panel on Federal Tax Reform's report to be delivered to the Treasury Secretary.

As a result, the submission date has been extended by two months from July 31 to September 30, 2005.

"The President's Advisory Panel has done an incredible amount of work in a short period of time," Advisory Panel Chairman Connie Mack and Vice-Chairman John Breaux observed in a statement.

They continued:

"We have held nine meetings all across the country, heard testimony from nearly 90 witnesses, and we have received more than 4,300 written comments."

"We were on track to issue our report by July 31st. Nevertheless, we are comfortable taking additional time to complete our work."

"We look forward to issuing our recommendations in September and giving this important Presidential priority the full public debate and dialogue that it deserves."

The Treasury said that the pressure of other business during the next two months meant that the Panel's report might not get the attention it deserved.

The Advisory Panel on Federal Tax Reform was established by President Bush on January 7, 2005. The President has charged the bipartisan panel with recommending reforms to the tax code that will make the US tax system simpler, fairer and more growth oriented.

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