Flying in the face of those who believe the current tax reform movement will produce little more than incremental reform of the current tax system, Treasury Secretary John Snow said April 4 that he expects to be making a hard push for “far-reaching” reform legislation by next year.However, not wanting to step on the toes of the presidentially appointed commission currently considering reform alternatives, Snow declined to speculate on the specifics of the package he might be pushing.
“Knowing this president — who doesn’t like doing little things, he likes doing big things — if we come up to him with a little tax package, he’s probably going to send us back to the drawing board,” said Snow, appearing at a gathering of the Tax Executives Institute in Washington.
(Source: RothCPA.com.)