May 5, 2005
How Will States Fare Under a New Federal Tax Structure?
Symposium to look at effects on states of wholesale federal tax changes
WASHINGTON, D.C. - National sales tax. Value-added tax. Flat tax. Federal tax reform has been the topic of discussion for years. But as Congress and the administration begin to get serious about a wholesale change to the federal tax code, what does it mean for the states?
The National Conference of State Legislatures, along with several state and federal public policy organizations, will host a day long symposium on federal tax reform and the states on Wednesday, May 18 at the National Press Club. The discussions will focus on four areas of tax policy:
- National sales tax;
- Value-added tax;
- Business tax reforms including the flat tax; and
- Deduction of state and local taxes.
Policy experts and elected officials from NCSL, National Governors Association, Federation of Tax Administrators, Muti-State Tax Commission, Tax Policy Center, Tax Analysts and Heritage Foundation will be on hand to discuss the effects of federal tax reform on state budgets.
| WHO: |
The National Conference of State Legislatures
The National Governors Association
The Federation of Tax Administrators
Mutistate Tax Commission
Tax Policy Center
Tax Analysts, Inc.
The Heritage Foundation |
| WHAT: |
Symposium on Federal Tax Reform and the States |
| WHEN: |
Wednesday, May 18, 2005 |
|
8:45 - 9:30 a.m. |
Setting the Stage
Senator Steve Rauschenberger, IL |
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9:30 - 10:45 a.m. |
National Sales Tax and VAT Proposals
Bill Fox, University of Tennessee
Matthew Murray, University of Tennessee
Charles E. McLure, Jr., Stanford University
Richard Bird, University of Toronto |
| |
11 a.m. - 12:15 p.m. |
Business Tax Reform and Flat Tax
Martin Sullivan, Tax Analysts, Inc.
David Brunori, Tax Analysts, Inc.
Bruce Bartlett, National Center for Policy Analysis
Thomas S. Neubig, Ernst & Young |
| |
12:30 - 2 p.m. |
The Current Debate in Historical Context |
| |
2:15 - 3:30 p.m. |
Deductibility and Tax-Preferred Savings Proposals
Kim Rueben, Tax Policy Center
Len Burman, Tax Policy Center
Bill Beach, Heritage Foundation
Jane G. Gravelle, Congressional Research Service |
| |
3:30 - 4:30 p.m. |
Prospects for Reform: The View from Congress |
| WHERE: |
National Press Club
529 14th Street NW
13th Floor - Ballroom
Washington, D.C. |
| BACKGROUND: |
Given the current linkages between state and federal income taxes, each of the most commonly discussed reform proposals will have a significant impact on state tax systems thereby affecting the vitality of state governments and their capacity for policy innovation. Some federal changes will reduce the fiscal flexibility of states and will effectively constrain the tax policy choices available to states. In other cases, federal reforms, if structured properly, could be used to improve the structure and operation of state taxes. |
NCSL is a bipartisan organization that serves the legislators and staffs of the states, commonwealths and territories. It provides research, technical assistance and opportunities for policymakers to exchange ideas on the most pressing state issues and is an effective and respected advocate for the interests of the states in the American federal system.
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Contacts
Gene Rose
Public Affairs Director
303-364-7700
Bill Wyatt
Public Affairs Manager
202-624-8667
Nicole Moore
Media Specialist
303-364-7700
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