Bush, After Gaining Tax Cut, Is Taking Aim at Tax Code New York Times (07/16/01) Vol. 35, No. 27 p.A1; Stevenson, Richard W.
Now that the tax bill has been signed by Congress, the Bush
administration has set its sights on overhauling the federal tax code.
President Bush and administration officials are reportedly in the early
phase of discussions about changing the way taxpayers and companies are
taxed. While White House sources say it is unlikely that the issue will
top the president's docket, it is one that Bush has committed to taking
a closer look at. Three areas the administration is examining include
simplifying the existing progressive income tax system, adopting a
single-rate flat tax on income, or converting to a new system that would
tax consumption through sales or value-added tax.