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HR 3097 - Tax Code Termination bill - National Key Vote

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Title: Tax Code Termination bill

Vote Smart's Synopsis:

Vote to pass a bill requiring Congress to approve of a new Federal tax system by July 4, 2002.

Highlights:

  • Prohibits the Federal Government from imposing taxes using the Internal Revenue Code of 1986 after December 31, 2002, except in certain cases.
  • States that any new Federal tax system should be simple and fair.
  • Suggests the new tax system should: apply a low rate, provide tax relief to working Americans, reduce tax collection abuses, eliminate bias against savings and investment, promote economic growth and job creation, and should not penalize families.

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