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Federal Tax Reform and the States

May 18

National Press Club
Washington, DC

Question: What do a national sales tax, a value added tax, business tax reform, tax-preferred savings, and deductibility have in common?

Answer: They are all high on the list of proposals to overhaul the federal tax system
and would have significant effects on state revenue systems.

Come to a special one-day symposium to find out more about the links between federal tax reform and state tax structures. Open to congressional staff, the press, private sector, revenue officials, and others interested in this vital aspect of federal tax reform.

Sponsored by
the National Governors Association, the National Conference of State Legislatures,
the Federation of Tax Administrators, the Multistate Tax Commission, the Tax Policy Center,
the Heritage Foundation, and Tax Analysts

7:30 - 8:30 a.m.Registration and Coffee

8:30 - 8:45 a.m.Welcome and Introductions

Ray Scheppach, Executive Director, NGA
William Pound, Executive Director, NCSL

8:45 - 9:30 a.m.Setting the Stage

A current governor and a current state legislator — one Democrat and one Republican — discuss the importance of tax reform, the inevitable effects of federal reforms on state revenue systems, and the need for national policymakers to factor those effects into their deliberations.

Governor Mark Warner, Virginia, Chair, NGA
Senator Steve Rauschenberger, Illinois, President-elect, NCSL

9:30 - 10:45 a.m.National Sales Tax and VAT Proposals

Moderator:Billy Hamilton, Deputy Comptroller,
Texas Comptroller of Public Accounts

National Sales Tax
Bill Fox, University of Tennessee
Matthew Murray, University of Tennessee

Value Added Taxes
Charles McLure, Hoover Institution,
Stanford University

Richard M. Bird, University of Toronto

10:45 - 11:00 a.m.Break

11:00 - 12:15 p.m.Business Tax Reform and Other Proposals,
Including the Flat Tax

Moderator:Dan R. Bucks, Director,
Montana Department of Revenue

Business Tax Reform Proposals
Martin Sullivan, Tax Analysts
David Brunori, Tax Analysts

Remarks on a Flat Tax
Bruce Bartlett, National Center for Policy Analysis

12:30 - 2:00 p.m.Luncheon Program:
The Current Debate in Historical Context

James R. Thompson, Former Governor of Illinois

2:15 - 3:30 p.m.Deductibility and Tax-Preferred Savings Proposals

Moderator: Senator Leticia Van de Pute, Texas Senate

Deduction for State and Local Taxes
Kim Rueben, Tax Policy Center
Len Burman, Tax Policy Center

Remarks on Tax-Preferred Savings

Discussant: James Wetzler, Deloitte

3:30 - 4:30 p.m.Prospects for Reform: The View From Congress

Moderator: TBA

U.S. Rep. William M. Thomas, California
U.S. Rep. Charles B. Rangel, New York

4:30 p.m.Adjourn