CIS/Index
Copyright © 2000, Congressional Information
Service, Inc.
1 CIS H 78168
TITLE: Fundamental
Tax Reform
CIS-NO: 2001-H781-68
SOURCE:
Committee on Ways and Means. House
DOC-TYPE: Hearing Retrieve
the full text of testimony
DATE: Apr. 11-13, 2000
LENGTH: v+427 p. il.
CONG-SESS: 106-2
ITEM-NO: 1028-A;
1028-B
SUDOC: Y4.W36:106-115
CIS DOCUMENT ON DEMAND:
1-800-227-2477 (Full Text Reproductions)
GPO-STOCK-NO:
552-070-27159-7.
SUMMARY:
Committee Serial No.
106-115. Hearings to consider proposals to revise the Federal
tax system, including proposals to revise or eliminate the
income tax system (Committee advisories, p. 2-4).
Considers:
H.R. 2525, the Fair Tax
Act of 1999, to replace all individual and corporate income
taxes, payroll taxes, self-employment
taxes, capital gains taxes, and death and gift
taxes with a 23% FairTax national retail sales
tax on goods and services sold to consumers, and to permit the
States to administer the FairTax on behalf of the Federal Government.
H.R. 134, the Simplified USA Tax Act, to
revise the Federal tax system, including provisions to allow
taxpayers to make unlimited contributions of after-tax income
to USA Roth individual retirement accounts.
H.R. 1040, to
replace the current tax system with a flat-rate income
tax applicable to individuals and businesses.
H.R. 2001, the National Retail Sales Tax
Act of 1999, to replace the current tax system with a 15% sales
tax on the retail purchase of all goods and services.
Supplementary material (p. 349-427) includes submitted statements
and correspondence.
CONTENT-NOTATION:
Tax laws revision
BILLS: 106
H.R. 2525; 106
H.R. 134; 106
H.R. 1040; 106
H.R. 2001
DESCRIPTORS:
TAXATION; TAX INCENTIVES AND SHELTERS;
INCOME TAXES; ESTATE TAX; WITHHOLDING
TAX; COMMUNITY DEVELOPMENT; RETAIL TRADE; FEDERAL-STATE
RELATIONS; FAIR TAX ACT; GIFT TAX; SALES
TAX; CONSUMERS; SIMPLIFIED USA TAX ACT;
INDIVIDUAL RETIREMENT ACCOUNTS; NATIONAL RETAIL SALES TAX ACT
01-H781-68 TESTIMONY NO: 1 Apr. 11, 2000 p. 7-41
WITNESSES (and witness notations):
LINDER,
JOHN (Rep, R-Ga)
PETERSON, COLLIN C. (Rep, D-Minn)
STATEMENTS AND DISCUSSION:
Merits and
explanation of sponsored H.R. 2525.
CONTENT NOTATION:
Tax laws revision
01-H781-68 TESTIMONY NO: 2 Apr. 11, 2000 p. 42-91
WITNESSES (and witness notations):
LINBECK,
LEO E., JR. (Chairman, Linbeck Corp.; representing Americans for Fair Taxation
(AFT))
MCCRACKEN, TODD (President, National Small Business
United)
ROOTH, SCOTT (Member, Tax Reform
Working Group, National Association of Realtors)
KOUPLEN,
STEVE (President, Oklahoma Farm Bureau; representing American Farm Bureau
Federation)
MARTIN, JAMES (former General Vice President,
Ironworkers International Union)
STATEMENTS AND DISCUSSION:
Merits of AFT FairTax proposal introduced as H.R. 2525;
background on FairTax proposal development and features; benefits of FairTax
proposal for small businesses; concerns about H.R. 2525 impact on housing
industry and real estate business; differing views on H.R. 2525.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
AMERICANS FOR FAIR
TAXATION; SMALL BUSINESS; HOUSING; REAL ESTATE BUSINESS
01-H781-68 TESTIMONY NO: 3 Apr. 11, 2000 p. 91-127
WITNESSES (and witness notations):
KOTLIKOFF, LAURENCE J. (Professor, Economics, Boston
University)
WILKINS, JOHN G. (Managing Director, Barcroft
Consulting Group; representing National Retail Federation)
METCALF, GILBERT E. (Professor, Economics, Tufts
University)
ANGELL, WAYNE (Chief Economist, Bear Stearns
& Co)
STATEMENTS AND DISCUSSION:
Differing views on economic benefits of proposals to
replace current tax system with a national retail sales
tax; review of tax reform distributional
issues.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
BEAR STEARNS COMPANIES;
ECONOMIC POLICY
01-H781-68 TESTIMONY NO: 4
Apr. 11, 2000 p. 127-145
WITNESSES (and
witness notations):
HAMILTON, BILLY (Deputy Comptroller,
Texas Office of the Comptroller of Public Accounts)
SKARBEK, JANET L. (certified public accountant)
CHAPOTON, JOHN E. (attorney, representing Americans for
Fair Taxation)
THREADGILL, DEL (Vice President,
Taxes, J. C. Penney Co.; representing National Retail
Federation)
STATEMENTS AND DISCUSSION:
Anticipated role of States in administering FairTax
national sales tax; views on national sales
tax administration issues; opinions on FairTax proposal.
CONTENT NOTATION:
Tax laws
revision
TESTIMONY DESCRIPTORS:
TEXAS
OFFICE OF THE COMPTROLLER OF PUBLIC ACCOUNTS
01-H781-68 TESTIMONY NO: 5 Apr. 12, 2000 p. 147-159
WITNESSES (and witness notations):
ENGLISH,
PHIL (Rep, R-Pa)
STATEMENT AND DISCUSSION:
Merits of sponsored H.R. 134.
CONTENT
NOTATION:
Tax laws revision
01-H781-68 TESTIMONY NO: 6 Apr. 12, 2000 p.
159-191
WITNESSES (and witness notations):
FRENZEL, BILL (Guest Scholar, Brookings Institution)
CHRISTIAN, ERNEST S. (attorney)
FOSTER, J. D. (Executive Director, Tax
Foundation)
HUFBAUER, GARY (Senior Fellow, Institute for
International Economics)
STATEMENTS AND DISCUSSION:
Views on H.R. 134; perspectives on tax
reform international issues.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
FOREIGN ECONOMIC RELATIONS
01-H781-68 TESTIMONY NO: 7 Apr. 12,
2000 p. 191-217
WITNESSES (and witness notations):
WORLEY, STEVEN (horse breeder)
MOORE, JAMES O. (financial planner)
DAVIS, FRANK L., JR. (Co-Founder, Executive Vice
President, and National Director, Legislative Affairs, National Retail Sales
Tax Alliance)
STATEMENTS AND DISCUSSION:
Need for and recommendations regarding comprehensive
tax reform (related charts, p. 209-216); support for proposals
to replace the current tax system with a national retail sales
tax.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
NATIONAL RETAIL SALES
TAX ALLIANCE
01-H781-68 TESTIMONY NO:
8 Apr. 12, 2000 p. 217-255
WITNESSES (and
witness notations):
ARMEY, RICHARD K. (Rep, R-Tex)
TAUZIN, W. J. (Rep, R-La)
TRAFICANT,
JAMES A., JR. (Rep, D-Ohio)
STATEMENTS AND DISCUSSION:
Merits of H.R. 1040; support for H.R. 2001; perspectives
on tax reform issues.
CONTENT NOTATION:
Tax laws revision
01-H781-68 TESTIMONY NO: 9 Apr. 12, 2000 p. 256-271
WITNESSES (and witness notations):
ROGSTAD,
BARRY K. (President, American Business Conference)
HOWARD,
JERRY (Vice President, Taxes, USX Corp)
MACK, JAMES H. (Vice President, Government Relations,
Association for Manufacturing Technology)
ROSE, JAMES E.,
JR. (Senior Vice President, Taxes and Government Affairs,
Tupperware Corp.; representing National Association of Manufacturers)
STATEMENTS:
Merits of H.R. 134, including anticipated
benefit for international competitiveness of U.S. businesses; views on and
recommendations regarding tax system reforms impacting business
and industry.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
AMERICAN BUSINESS CONFERENCE;
FOREIGN ECONOMIC RELATIONS; COMPETITION
01-H781-68
TESTIMONY NO: 10 Apr. 13, 2000 p. 274-282
WITNESSES (and witness notations):
PORTMAN, ROB (Rep,
R-Ohio)
STATEMENT AND DISCUSSION:
Overview
of elements to be included in a framework for tax reform.
CONTENT NOTATION:
Tax laws
revision
01-H781-68 TESTIMONY NO: 11
Apr. 13, 2000 p. 282-309
WITNESSES (and
witness notations):
LUNTZ, FRANK (President and CEO, Luntz
Research Companies)
POLLOCK, JEFREY (President, Global
Strategy Group)
STATEMENTS AND DISCUSSION:
Findings of public opinion polls on need for
tax reform (related graphs, p. 290-295).
CONTENT
NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
LUNTZ RESEARCH COMPANIES;
PUBLIC OPINION.POLLS
01-H781-68 TESTIMONY NO: 12
Apr. 13, 2000 p. 309-327
WITNESSES (and
witness notations):
HELMING, BILL (Economist and Business
Consultant, Bill Helming Consulting Services)
POWELL,
JAMES L. (livestock producer)
ROBBINS, ALDONA (Vice
President, Fiscal Associates)
STATEMENTS AND DISCUSSION:
Perspectives on tax reform strategies,
focusing on merits of Helming national consumption tax plan
proposal.
CONTENT NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
FISCAL ASSOCIATES
01-H781-68 TESTIMONY NO: 13 Apr. 13, 2000 p.
327-348
WITNESSES (and witness notations):
REGALIA, MARTIN A. (Vice President and Chief Economist,
Chamber of Commerce of the U.S)
SOLDANO, PATRICIA M.
(President, Center for the Study of Taxation)
ENTIN,
STEPHEN J. (President and Executive Director, Institute for Research on the
Economics of Taxation (IRET))
STATEMENTS AND DISCUSSION:
Overview of tax system reform issues;
details on inflow-outflow tax reform proposal developed by the
late Norman B. Ture with the assistance of IRET staff.
CONTENT
NOTATION:
Tax laws revision
TESTIMONY DESCRIPTORS:
TURE, NORMAN B.
LOAD-DATE: September 25, 2001 
