Al Hubbard, the director of President Bush's National Economic Council, said in an interview that the president does not support a key measure in the tax reforms submitted by the Advisory Panel on Tax Reform. Specifically, the president has rejected a reform that would tax workers on health insurance benefits valued at $11,500 or more for a family; instead advocating for expanding untaxed health savings accounts and increased deductibility of medical expenses. Expanding untaxed health savings accounts would add to the deficit to the tune of $6 billion annually.

Bloomberg.com: "Bush Rejects Proposal to Tax Health-Care Benefits, Hubbard Says"