I don't think it changes the long-term timing of (tax reform). This was going to be next year's issue in any event, ... sitting out there for five or six months.

[The consumption tax idea is] at great odds with the political center of the country, ... How do we get to a system that better encourages savings and investment, without creating a system that can be characterized as benefiting the rich?

My guess is the panel is playing with a couple of different ideas. One is some...reform of the current income tax system and the second is a value-added tax.

I'm not feeling undertaxed. Tax reform is an important issue. You have to have an inherent sense of fairness.

I'm for tax reform, not tax increases.

Tax reform is a once-in-a-generation opportunity.