TOP TEN TERRIBLE TAX ACT -- (House of Representatives - July 01, 1999)

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(Mr. TANCREDO asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. TANCREDO. Mr. Speaker, the House will soon consider legislation to implement the budget resolution's call for $778 billion in tax relief over the next 10 years. While I believe today's complicated and cumbersome Tax Code needs to be completely replaced, this will take time as the American people debate alternative tax systems. In the meantime, we can take a major step

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toward tax simplification by eliminating 10 of the worst taxes in the Tax Code today. We should pull these taxes out by their roots, not just reduce them, trim them or cut them back or decrease them. This will make it more difficult for them ever to grow back again.

That is why I am introducing the Top Ten Terrible Tax Act today--boy, that is quite alliterative--which would completely eliminate 10 of the most egregious taxes on the American people, including estate and gift taxes, the tax on telephone calls, capital gains taxes and the tax increase on Social Security beneficiaries. The American people deserve to keep more of their hard-earned money and the Top Ten Terrible Tax Act would provide much-needed tangible tax relief to every American.

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