Fri Aug 20, 2004

WASHINGTON, Aug 20 (Reuters) - President George W. Bush has not decided on whether wholesale changes to the U.S. tax code would be a focus of administration policy if he won a second term, U.S. Treasury Secretary John Snow said on Friday.

Asked in an interview with the financial cable channel CNBC whether tax code changes, such as the institution of a value-added tax, would be a focus of administration policy if Bush were to win a second term, Snow said, "I don't know."

"The president hasn't made that decision yet," he said. "But clearly we have a lot of room for improvement in this code."

"I think engendering a discussion on that, as the president did, is certainly a very worthwhile thing," Snow added, referring to comments Bush made last week in which he said a national sales tax was worth looking at.

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