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Tax Overhaul Faces Good Odds, But Details, Timing Aren't Near; One of Bush's top goals, reform awaits proposals from planned tax panel.(A)
Byline: BRIAN MITCHELL
President Bush said nary a word about tax reform in his last press conference of the year -- just a reminder that he'll appoint a panel to recommend ways to overhaul the "outdated tax code."
But tax reform is one of Bush's top three domestic objectives, right after Social Security reform and cutting the federal deficit. And it may be the easiest to pull off.
Right now the White House is taking things step by step. At the mid-December economic summit, speakers made sure to state the need for reform without embracing a particular solution.
"There are a lot of decisions yet to be made. In fact, all of the decisions are yet to be made," said Greg Jenner, acting assistant secretary of the Treasury for tax policy, before the summit.
But, Jenner said, Bush's "enthusiasm for this project is very high."
Social Security reform will come first. Bush has the work of a presidential commission to build on.
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