Contract With America; Does it Meet the Criteria for a "Good" Tax Structure?
Galloza, Nancy M.
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The GOP's Contract with America is a big issue in Congress today. The Contract has made 1995 the year of tax cuts. The "Contract" provides tax cuts to both individuals and corporations. This writing will focus on the tax provisions proposed for noncorporate taxpayers. The contract has encountered many changes since its inception in 1994. The House, Senate, and President each propose different perspectives on the tax provisions contained in the "Contract." Although the tax provisions have not yet been incorporated into law, due to conflicts between Congress and the White House, the tax bills are expected to pass by Christmas 1995. It is important, though, that tax changes meet the criteria for a good tax structure. Thus, each of the tax provisions proposed within the House-Senate bill have been analyzed to ensure it is fair, certain, convenient, and efficient.