CIS/Index
Copyright © 1999, Congressional Information
Service, Inc.
2000 CIS H 78128
TITLE: Reducing
the Tax Burden
CIS-NO: 2000-H781-28
SOURCE:
Committee on Ways and Means. House
DOC-TYPE: Hearing Retrieve
the full text of testimony
DATE: June 16, 23, 1999
LENGTH: viii+533 p. il.
CONG-SESS: 106-1
ITEM-NO:
1028-A; 1028-B
SUDOC: Y4.W36:106-24
MC-ENTRY-NO:
2000-17462
CIS DOCUMENT ON DEMAND: 1-800-227-2477 (Full Text
Reproductions)
SUMMARY:
Committee Serial No.
106-24. Hearings to examine proposals to reduce the tax burden
on individuals and businesses.
Examines proposals to improve
retirement income and health security, including provisions to strengthen
retirement plans, improve availability and affordability of health care and
health insurance, and establish enhanced incentives for personal saving
(Committee advisory, p. 2-4).
Also examines proposals to
strengthen the family and the economy, including provisions to reduce income
tax bias against married couples, revise tax
treatment of education expenses, and extend various expiring
tax provisions (Committee advisory, p. 266-268).
Considers the following bills:
H.R. 1102, the
Comprehensive Retirement Security and Pension Reform Act of 2000, and similar
H.R. 1546, the Retirement Savings Opportunity Act, to revise regulation and
tax treatment of pension plans, deferred compensation plans,
and individual retirement accounts to enhance retirement income security.
H.R. 8, the Death Tax Elimination Act of
2000, to provide for a phased-in repeal of estate and gift
taxes and generation-skipping transfer taxes.
H.R. 1660, the School Construction and Modernization Act
of 1999, to establish tax incentives for bonds issued by State
or local governments to fund construction or rehabilitation of public school
buildings.
H.R. 1358, the Energy Efficient Affordable Home
Act, to establish tax credits for energy efficient home
improvements and construction of new homes meeting specified energy efficiency
standards.
Supplementary material (p. 456-533 and throughout)
includes submitted statements, correspondence, a report, and:
-- American Council for Capital Formation, "UPDATE: An
International Comparison of Incentives for Retirement Saving and Insurance" (p.
9-16).
CONTENT-NOTATION: Tax
incentives for individuals and businesses estab
BILLS:
106
H.R. 1102; 106
H.R. 1546; 106
H.R. 8; 106
H.R. 1660; 106
H.R. 1358
DESCRIPTORS:
TAXATION; INCOME TAXES; TAX INCENTIVES
AND SHELTERS; HEALTH FACILITIES AND SERVICES; PERSONAL SAVINGS; FAMILIES;
MARRIAGE; FEDERAL AID TO EDUCATION; ESTATE TAX; COMPREHENSIVE
RETIREMENT SECURITY AND PENSION REFORM ACT; RETIREMENT INCOME; PENSIONS;
DEFERRED COMPENSATION PLANS; INDIVIDUAL RETIREMENT ACCOUNTS; DEATH
TAX ELIMINATION ACT; ESTATE TAX; GIFT
TAX; SCHOOL CONSTRUCTION AND MODERNIZATION ACT; FEDERAL AID TO
STATES-EDUCATION; FEDERAL AID TO LOCAL GOVERNMENTS-EDUCATION; PUBLIC SCHOOLS;
MUNICIPAL BONDS; ENERGY EFFICIENT AFFORDABLE HOME ACT; ENERGY
CONSERVATION.IN.BUILDINGS; FEDERAL AID TO HOUSING; HEALTH INSURANCE
00-H781-28 TESTIMONY NO: 1 June 16, 1999 p. 20-54
WITNESSES (and witness notations):
JOHNSON,
NANCY L. (Rep, R-Conn)
STARK, FORTNEY H. (Rep, D-Calif)
PORTMAN, ROB (Rep, R-Ohio)
CARDIN,
BENJAMIN L. (Rep, D-Md)
JEFFERSON, WILLIAM J. (Rep, D-La)
POMEROY, EARL (Rep, D-NDak)
STATEMENTS AND
DISCUSSION:
Recommendations for tax
incentives to improve health care and health insurance access and affordability;
support for H.R. 1102; suggestions for tax reforms to enhance
ability of individuals to save and attain retirement income security.
CONTENT NOTATION:
Tax incentives for
individuals and businesses estab
00-H781-28 TESTIMONY
NO: 2 June 16, 1999 p. 54-111
WITNESSES (and
witness notations):
GOODMAN, JOHN C. (President and CEO,
National Center for Policy Analysis)
BUTLER, STUART M.
(Vice President, Domestic and Economic Policy Studies, Heritage Foundation)
KAHN, CHARLES N., III (President, Health Insurance
Association)
LEHNHARD, MARY N. (Senior Vice President,
Blue Cross and Blue Shield Association)
WILFORD, DAN
(President, Memorial Hermann Healthcare System; representing American Hospital
Association)
HOENICKE, JEANNE (Vice President and Deputy
General Counsel, American Council of Life Insurance)
STATEMENTS
AND DISCUSSION:
Suggestions to improve efficiency of
Federal tax incentives for health care and health insurance;
recommendations to establish a new tax credit for health
expenditures; need for tax incentives to expand the number of
individuals with health insurance coverage (related tables, graphs, p. 70-84
passim).
Importance of tax policies to
enhance ability of individuals to attain retirement income security (related
charts, graphs, p. 94-98).
CONTENT NOTATION:
Tax incentives for individuals and
businesses estab
TESTIMONY DESCRIPTORS:
NATIONAL CENTER FOR POLICY ANALYSIS; STATISTICAL DATA:
BANKING, FINANCE, AND INSURANCE; STATISTICAL DATA: HEALTH AND VITAL STATISTICS
00-H781-28 TESTIMONY NO: 3 June 16,
1999 p. 112-170
WITNESSES (and witness notations):
STEWART, JACK (Assistant Director, Pensions, Principal
Financial Group; representing Association of Private Pension and Welfare Plans)
CALIMAFDE, PAULA A. (Chair, Small Business Council; also
representing Small Business Legislative Council, American Society of Pension
Actuaries, and Profit Sharing/401(k) Council)
MACDONALD,
J. RANDALL (Executive Vice President, Human Resources and Administration, GTE
Corp.; representing ERISA Industry Committee)
MCCARTHY,
JIM (Vice President and Product Development Manager, Private Client Group,
Merrill Lynch & Co.; representing Savings Coalition)
STATEMENTS AND DISCUSSION:
Support for H.R. 1102 and
other proposals to enhance ability of individuals to save for retirement; merits
of H.R. 1102 provisions to provide incentives for small businesses to sponsor
retirement plans; merits of H.R. 1102 provisions affecting regulation of defined
benefit pension plans; support for H.R. 1546.
CONTENT NOTATION:
Tax incentives for individuals and
businesses estab
TESTIMONY DESCRIPTORS:
ASSOCIATION OF PRIVATE PENSION AND WELFARE PLANS; SMALL
BUSINESS
00-H781-28 TESTIMONY NO: 4
June 16, 1999 p. 171-205
WITNESSES (and witness notations):
SLATER, PHYLLIS H. (President and Owner, Hill Slater,
Inc.; also representing National Association of Women Business Owners)
SANDMEYER, RONALD P., JR. (President and CEO, Sandmeyer
Steel Co.; representing National Association of Manufacturers)
LOOP, CARL B., JR. (President, Loop's Nursery and
Greenhouses; also representing American Farm Bureau Federation)
THOMPSON, SKYLAR (President and Chief Operating Officer,
Market Basket Food Stores; representing National Grocers Association)
COYNE, MICHAEL (Member, Tuckerton Lumber Co.; representing
National Federation of Independent Business)
SPERANZA,
PAUL S., JR. (Chair, Tax Committee, Greater Rochester, N.Y.,
Metro Chamber of Commerce; also representing Chamber of Commerce of the U.S.,
Business Council of New York State, and Food Marketing Institute)
STATEMENTS AND DISCUSSION:
Importance of
estate and gift tax repeal to family-owned
businesses and farms; support for H.R. 8 and other proposals to eliminate the
estate tax; background on and criticism of the
estate and gift tax.
CONTENT
NOTATION:
Tax incentives for individuals
and businesses estab
TESTIMONY DESCRIPTORS:
HILL SLATER, INC.; FARMS AND FARMERS; SMALL BUSINESS
00-H781-28 TESTIMONY NO: 5 June 23,
1999 p. 270-283
WITNESSES (and witness notations):
TAFT, ROBERT A. (Governor, Ohio; representing coalition
for employment security financing reform)
STATEMENT AND
DISCUSSION:
Arguments for repeal of
Federal Unemployment Tax Act 0.2% employer surtax extended
through 2007 by the Tax Relief Act of 1997.
CONTENT NOTATION:
Tax incentives for
individuals and businesses estab
TESTIMONY DESCRIPTORS:
UNEMPLOYMENT COMPENSATION; WITHHOLDING
TAX; FEDERAL UNEMPLOYMENT TAX ACT;
TAX RELIEF ACT
00-H781-28 TESTIMONY
NO: 6 June 23, 1999 p. 283-324
WITNESSES (and
witness notations):
RANGEL, CHARLES B. (Rep, D-NY)
WELLER, JERRY (Rep, R-Ill)
DANNER,
PAT (Rep, D-Mo)
HULSHOF, KENNY C. (Rep, R-Mo)
GRAHAM, LINDSEY O. (Rep, R-SC)
TURNER, JIM (Rep, D-Tex)
MCINTOSH,
DAVID M. (Rep, R-Ind)
BAIRD, BRIAN (Rep, D-Wash)
CLEMENT, BOB (Rep, D-Tenn)
CROWLEY,
JOSEPH (Rep, D-NY)
STATEMENTS AND DISCUSSION:
Support for bills to establish tax
incentives to benefit individuals and businesses; merits of various
education-related tax proposals, including H.R. 1660; need to
eliminate income tax system bias against married couples.
CONTENT NOTATION:
Tax
incentives for individuals and businesses estab
00-H781-28 TESTIMONY NO: 7 June 23, 1999 p. 325-360
WITNESSES (and witness notations):
BENNETT,
MARSHALL (State Treasurer, Mississippi; representing College Savings Plans
Network)
KEPPLE, THOMAS, JR. (President, Juniata College;
also representing Tuition Plan Consortium)
GRAYSON, JERRY
(Regional Director, Computers for Schools Program, Detwilder Foundation)
GILLESPIE, CHRISTINA (Dr.) (recipient, National Health
Service Corps Scholarship)
BARATTA, JEFFREY A. (Investment
Banker, Stone & Youngberg; representing California-Federal School
Infrastructure Coalition)
ZEDALIS, PATRICIA (Chief
Executive, Division of School Facilities, NYC Board of Education; on behalf of)
SPENCE, LEWIS H. (Deputy Chancellor, Operations, NYC Board
of Education)
STATEMENTS AND DISCUSSION:
Need for tax incentives to encourage
families to save for higher education expenses; importance of
tax-favored treatment of State-sponsored college tuition
savings plans; support for H.R. 1660; recommendations regarding various
education-related tax incentives.
CONTENT
NOTATION:
Tax incentives for individuals
and businesses estab
TESTIMONY DESCRIPTORS:
COLLEGE SAVINGS PLANS NETWORK; FEDERAL AID TO HIGHER
EDUCATION; FEDERAL AID TO STATES-EDUCATION; COLLEGES AND UNIVERSITIES
00-H781-28 TESTIMONY NO: 8 June 23, 1999 p.
360-421
WITNESSES (and witness notations):
BAROODY, MICHAEL E. (Senior Vice President, Policy,
Communications and Public Affairs, National Association of Manufacturers)
CAPPS, R. RANDALL (Corporate Tax
Director, Electronic Data Systems Corp.; also representing R&D Credit
Coalition)
BLOOMFIELD, MARK (President, American Council
for Capital Formation)
MCCANTS, LARRY (President,
Chairman, and CEO, First National Bank; representing American Bankers
Association)
GREENBERG, ARTHUR (Counsel, Equity Group
Investments; also representing National Realty Committee and seven other real
estate organizations)
LEONARD, CHARLES H.
(Senior Vice President, Chief Financial Officer, and Treasurer, Texas Eastern
Products Pipeline Co.; representing Coalition of Publicly Traded Partnerships)
STATEMENTS AND DISCUSSION:
Suggestions for
tax reforms to stimulate economic growth; support for permanent
extension of the business R&D tax credit; impact of current
and proposed tax policies on savings, investment, and the
economy (related tables, graphs, p. 381-384).
Review of
tax reform issues affecting the real estate
business; elaboration on tax issues impacting economic growth
(related rpt, p. 409-414).
CONTENT NOTATION:
Tax incentives for individuals and
businesses estab
TESTIMONY DESCRIPTORS:
NATIONAL ASSOCIATION OF REAL ESTATE
INVESTMENT TRUSTS; RESEARCH; BUSINESS; INVESTMENTS; REAL ESTATE
BUSINESS
00-H781-28 TESTIMONY NO: 9
June 23, 1999 p. 421-456
WITNESSES (and witness notations):
MOORE, W. HENSEN (President and CEO, American Forest and
Paper Association)
ANDREWS, MICHAEL A. (Trustee, National
Trust for Historic Preservation)
WOLYN, MICHAEL A.
(Executive Director, National Alliance of Sales Representatives Associations)
NEMTZOW, DAVID M. (President, Alliance To Save Energy;
representing Coalition for Energy-Efficient Homes)
WALLACE, ERIC P. (certified public accountant;
representing Associated Builders and Contractors)
MCMULLIN, RUTH R. (Chairperson, Eagle-Picher Personal
Injury Settlement Trust)
HENDERSON, ROOSEVELT
(beneficiary, Eagle-Picher Personal Injury Settlement Trust)
STATEMENTS AND DISCUSSION:
Support for proposals to
provide tax incentives to benefit various business sectors and
individuals; merits of H.R. 1358.
CONTENT NOTATION:
Tax incentives for individuals and
businesses estab
TESTIMONY DESCRIPTORS:
AMERICAN FOREST AND PAPER ASSOCIATION
LOAD-DATE: July 6, 2001 
