President George W. Bush today established a tax reform advisory panel...

President George W. Bush today established a tax reform advisory panel headed by former Sen. Connie Mack, R-Fla., with former Sen. John Breaux, D-La., as vice chairman. Other members of the bipartisan committee, which will advise the U.S. Treasury secretary, are: former U.S. Rep. William Eldridge Frenzel, now a guest scholar at the Brookings Institution; Elizabeth Garrett, a professor of law at the University of Southern California; Edward P. Lazear, a senior fellow at the Hoover Institution and a professor of human resources, management and economics at Stanford University's Graduate School of Business; Timothy J. Muris, a professor of law at the George Mason School and counsel to the law firm of O'Melveny & Myers LLP; James Michael Poterba, an economist and associate department head at the Massachusetts Institute of Technology; former IRS Commissioner Charles O. Rossotti, now a senior adviser at the Carlyle Group; and Liz Ann Sonders, chief investment strategist at Charles Schwab.