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Tax reform recommendations delayed.

The White House has extended the reporting deadline of the President's Advisory Panel on Federal Tax Reform from July 31 to Sept. 30. The panel is reviewing dozens of tax reform proposals to create a set of recommendations for the U.S. Treasury Department, which would then pass them along to Congress.

The White House and Treasury issued the extension to give the panel time for a more in-depth analysis and to push the report's release to a time when Congress is able to give it more attention. According to the Treasury Department, the administration and Congress are too busy working on other projects to introduce new tax reform ideas.

Despite the later release date, the Treasury Department said there is still a chance that tax reform legislation could be introduced this year. The original deadline of July 31 would have seen the release of the report just as Congress was heading out of town for a month-long recess. The new deadline falls on Congress's tentative target adjournment date for the year.
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Title Annotation:CAPITOL BEAT
Publication:Units
Date:Aug 1, 2005
Words:172
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