Ernst & Young has published Guide to Tax Reform Panel Report,109 Tax Notes 1255 (Dec. 5, 2005), also available on the Tax Analysts web site as Doc 2005-23619, 2005 TNT 233-23.  Here is the abstract:

On November 1, President Bush’s Advisory Panel on Federal Tax Reform unveiled two options for overhauling the nation’s tax system — a Simplified Income Tax Plan and a Growth and Investment Tax Plan. The authors believe that in the current political environment tax reform is a "heavy lift," but that the long- term odds for legislative change look significantly better. In particular, they think, as 2008 approaches, the "triple witching" effect of expiring tax cuts, the first wave of Baby Boom retirements, and the burgeoning reach of the alternative minimum tax may drive tax reform to fruition. In this report, Ernst & Young’s tax professionals examine the panel’s recommendations and their implications for corporations, individuals, and industries.