Is tax reform coming?

Now that President Bush has waded hip-deep into Social Security reform, he is about to take on another hugely ambitious crusade: reforming the tax code.

You've got to hand it to the President. He's not running a caretaker administration. After four years of necessarily urgent focus on foreign policy, Bush is treating his second term as if he were a newly arrived executive. He knows he's only got a few years to leave a legacy in domestic policy, and he's working hard to shift the status quo. None of this may mature during his administration, but there is no talk of "lame duck" yet.

Changing the tax code could strengthen the economy in many ways. ...