TAX REFORM PANEL ANNOUNCES OCTOBER MEETING DATES ~PANEL DEADLINE EXTENDED TO NOVEMBER 1~

Senators Connie Mack and John Breaux, Chairman and Vice-Chairman of the President's Advisory Panel on Federal Tax Reform, today announced the Panel will meet on Tuesday, October 11, 2005, at 11 am and Tuesday, October 18, 2005 at 9 am. The meeting on October 11th will be held at the Renaissance Hotel, 999 Ninth Street, NW, Washington, DC 2001. The location for the meeting on October 18th will be announced at a later time.

Panel members will continue to discuss issues associated with tax reform. There will not be any testimony presented.

These meetings were previously scheduled for September 8th & 15th, but were postponed due to Hurricane Katrina.

Today the White House released a new Executive Order that extends the Panel's reporting deadline from September 30, 2005 to November 1, 2005.

The text of the new Executive Order is below.

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release
September 30, 2005

EXECUTIVE ORDER

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FURTHER AMENDMENT TO EXECUTIVE ORDER 13369, RELATING TO THE PRESIDENT'S ADVISORY PANEL ON FEDERAL TAX REFORM

By the authority vested in me as President by the Constitution and the laws of the United States of America, and to further extend the reporting deadline of the President's

Advisory Panel on Federal Tax Reform, it is hereby ordered as follows:

Section 1. Section 5 of Executive Order 13369 of January 7, 2005, as amended by Executive Order 13379 of June 16, 2005, is further amended by deleting "September 30, 2005" and inserting in lieu thereof "November 1, 2005".

Sec. 2. Section 7 of Executive Order 13369 of January 7, 2005, is further amended by deleting "30 days after submitting its report pursuant to section 5 of this order" and inserting in lieu thereof "November 15, 2005".

Sec. 3. This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity, against the United States, its departments, agencies, entities, officers, employees or agents, or any other person.

GEORGE W. BUSH
THE WHITE HOUSE,
September 30, 2005.

About the Tax Reform Panel:

The President's Advisory Panel on Federal Tax Reform was established by President Bush on January 7, 2005 . President Bush has charged the bipartisan panel with recommending reforms to the tax code by September 30, 2005 , that will make the U.S. tax system simpler, fairer and more growth oriented. 

Panel Members

Connie Mack III (Chairman) , former U.S. Senator. Senator Mack served as Chairman of the Joint Economic Committee and was a member of the Finance and Banking committees. He is a Senior Advisor at King & Spalding LLP.

John Breaux (Vice-Chairman) , former U.S. Senator. Senator Breaux served on the Finance Committee and the sub-committee on Taxation and IRS Oversight. He is Senior Counsel at Patton Boggs LLP.

William E. Frenzel , former Member of the U.S. House of Representatives. Mr. Frenzel served on the Budget Committee and the Ways and Means Committee. Mr. Frenzel is a Guest Scholar at the Brookings Institution.

Elizabeth Garrett , Sydney M. Irmas Professor of Public Interest Law, Legal Ethics and Political Science, University of Southern California . Ms. Garrett served as Legislative Director and Tax and Budget Counsel to former U.S. Senator David L. Boren.

Edward P. Lazear , Senior Fellow, Hoover Institution and Professor of Human Resources, Management and Economics, Stanford University's Graduate School of Business. Mr. Lazear is the founding editor of the Journal of Labor Economics.

Timothy J. Muris , Foundation Professor, George Mason School of Law and Of Counsel, O'Melveny & Myers LLP. Mr. Muris served as Chairman of the Federal Trade Commission from 2001 to 2004.

James M. Poterba , Department of Economics, Massachusetts Institute of Technology. Mr. Poterba serves as Associate Department Head. He has taught at MIT since 1982.

Charles O. Rossotti , Senior Advisor, The Carlyle Group. Mr. Rossotti served from 1997 to 2002 as Commissioner of Internal Revenue. He formerly served as the President, Chief Executive Officer and Chairman of the Board of American Management Systems.

Liz Ann Sonders , Chief Investment Strategist, Charles Schwab. Ms. Sonders joined U.S. Trust, a division of Charles Schwab, in 1999 as a Managing Director and member of its Investment Policy Committees.

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