ADVISORY/Battle Looms in House Over Death Tax; NCPA's Bartlett Says Rangel's Substitute Bill Won't Work.Business Editors ADVISORY...for Wednesday (April 4) WASHINGTON--(BUSINESS WIRE)--April 4, 2001 There's likely to be a battle over repeal of the estate tax when H.R. 8 comes to the floor for a vote later today. Some Democrats are expected to offer a substitute bill authored by New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Congressman Charles Rangel. "The substitute bill is designed to reform the statute, not repeal it," said Bruce Bartlett Bruce Bartlett (b. October 11, 1951 in Ann Arbor, Michigan) is an economist associated with supply-side economics. He was a domestic policy adviser to President Ronald Reagan and was a treasury official under President George H.W. Bush. , senior fellow at the National Center for Policy Analysis The National Center for Policy Analysis (NCPA) is an American non-profit conservative think tank. NCPA states that its goal is to develop and promote private alternatives to government regulation and control, solving problems by relying on the strength of the competitive, (NCPA NCPA National Center for Policy Analysis NCPA National Community Pharmacists Association (formerly National Association of Retail Druggists) NCPA Northern California Power Agency NCPA National Child Protection Authority ). Bartlett and several other analysts have called for repeal of the estate tax, which now is approximately 60 percent of estate value, for several reasons: WHO: BRUCE BARTLETT Senior Fellow, National Center for Policy Analysis (NCPA) WHAT: H.R. 8--A bill to repeal the estate tax WHEN: APRIL 4, 2001 WHERE: U.S. House of Representatives "The estate tax also disproportionately affects recently acquired wealth and women, since they tend to live longer," Bartlett added. Bruce Bartlett will be available for comment on this issue and other tax issues facing the 106th Congress. WHO: BRUCE BARTLETT Senior Fellow, National Center for Policy Analysis (NCPA) WHAT: H.R. 8--A bill to repeal the estate tax WHEN: APRIL 4, 2001 WHERE: U.S. House of Representatives Bartlett is a prolific author, having published more than 900 articles in some of the nation's most prestigious newspapers. He is a leading advocate of tax rate reductions, and was a lone voice during the 1990s when target cuts were in fashion. Bruce's twice-weekly columns on tax and economic issues are syndicated nationally by Creators Syndicate Creators Syndicate is an independent distributor of comic strips and syndicated columns for daily newspapers. It was founded in 1987 by Richard S. Newcombe, and is based in Los Angeles. . He also has written four books, including Reaganomics: Supply-Side Economics supply-side economics, economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concerns as gross national product. in Action, published in 1981. Before joining NCPA, Bartlett was deputy assistant secretary for economic policy at the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department, where he served from 1988 to 1993. As a member of then-Congressman Jack Kemp's staff in 1977, he helped draft the famous Kemp-Roth tax bill, which formed the basis for the 1981 Reagan tax cut. |
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