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Article: Why I introduced the Tax Code Termination Act.
- Article from:
- Tax Executive
- Article date:
- May 1, 1998
- Author:
CopyrightCOPYRIGHT 1998 Tax Executives Institute, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Tax Code Termination Act, my proposal to sunset the tax code, has attracted a host of opponents since its introduction in January, Tax Executives Institute among them. President Clinton, Representative Charles Rangel, and others share the Institute's view of the Act and criticize it as partisan politics, a sound-byte gimmick, ultimately irresponsible, and risking paralyzing uncertainty in business planning. The purpose of this article is to explain my rationale in proposing the Act and let you as tax professionals judge for yourselves whether these pejorative labels are deserved. My hope is that you will see the merit in my case; even if you do not, you will have a ...