Reagan's Second Front

The push for a tax-reform plan may begin this week

Already embattled on its budget plans, the Reagan Administration seems determined to wage a simultaneous economic war on an equally contentious front: tax reform. The President is preparing to unveil "Treasury II," a watered-down version of the Treasury Department's reform proposals of last November. The idea is to produce a simpler and fairer system while raising about the same amount of revenue. The method: eliminate many deductions and reduce overall tax rates. Reagan intends to give the latest reforms a big send-off with a national TV speech, just as he did, with mixed results, when he unveiled his budget.

The scent...

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