Bush May Delay Push for Major U.S. Tax Overhaul

Published on:
12 September 2006 at 10:20 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007476-bush-may-delay-push-for-major-us-tax-over/

By Caren Bohan, Reuters

The White House may delay unveiling a broad proposal to overhaul the tax code until 2007 or later, despite earlier discussions of making it a major theme for next year, people close to the White House said.

A panel named by President George W. Bush has recommended sweeping changes to the tax code, including reducing deductions for home mortgages and state and local taxes.

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