TAX REFORM ACT OF 1975

HEARINGS

BEFORE THE

COMMITTEE ON FINANCE

UNITED STATES SENATE

NINETY-FOURTH CONGRESS

SECOND SESSION

ON

H.R. 10612

AN ACT TO REFORM THE TAX LAWS OF THE UNITED STATES

MARCH 17, 18, 19, 22, 23, 24, 25, 26, 29, 30, 31, APRIL 1, 2, 5, 6, 7, 8,
9, AND 13, 1976

69-516 O

PART 6 OF 8 PARTS
(Written Testimony)

Printed for the use of the Committee on Finance

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1976

For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402 Price $4.50

CONTENTS

(Parts 1-8)

Discussion between members of the Senate Committee on Finance and the

witnesses:

Russell B. Long, chairman_.

Page

23,

30-32, 40, 41, 127, 131, 132, 191, 192, 202–204, 239–242, 245, 265, 266,

279, 282-284, 308, 310, 311, 381-388, 394, 398, 401, 403-406, 431, 432,

434, 435, 438, 441, 444, 445, 467, 468, 480-482, 483, 501-505, 508-510,

519, 522, 525-528, 541, 545-547, 571-573, 575-578, 597, 599, 609, 614,

620-622, 624, 629, 661, 703, 706, 707, 713, 714, 772–777, 779, 782, 794,

795, 798-800, 830, 831, 833, 834, 838, 854, 883, 884, 1336, 1385, 1387,

1389, 1390, 1395-1397, 1487, 1488, 1496, 1497, 1507, 1513, 1519, 1520,

1524, 1528, 1531, 1587, 1637, 1638, 1640, 1642-1644, 1652, 1653, 1655,

1656, 1662-1665, 1679–1681, 1699-1705, 1718, 1722, 1724, 1739, 1743-

1745, 1889, 1890, 1895, 1897, 1900, 1919, 1923-1925, 2017, 2021-2023,

2041, 2042, 2059-2062, 2134-2137, 2146-2148, 2198, 2199, 2374, 2375,

2379-2381, 2390, 2396-2398, 2400, 2402, 2403, 2405-2407

Herman E. Talmadge---

193-
195, 318, 349, 350, 358, 380, 442-444, 1023, 1025, 1034, 1038, 1054,
1055, 1057, 1058, 1062, 1065, 1067, 1140, 1142, 1160, 1171, 1185-1189,
1239, 1243, 1244, 1257, 1258, 1675, 1679, 2381-2383

Vance Hartke__
Abraham Ribicoff_.

1928, 1929, 2137, 2138, 2145, 2146, 2182, 2183
25-
27, 898, 899, 901-903, 905, 910, 912-914, 933. 937, 938, 948, 949,
972, 974-976, 983, 984, 996, 1017, 1018, 1393–1395, 1490, 1491, 1847,
1850, 1869-1874

Harry F. Byrd, Jr.---.

23-
25, 204, 264, 265, 385, 386, 503, 510, 511, 567, 573-575, 674, 676, 686,
687, 712, 713, 837, 1036, 1055, 1263, 1293, 1337, 1347, 1359, 1390,
1391, 1396, 1634-1636, 1638-1640, 1747-1749, 1773, 1776, 1899, 1918,
1921, 1942, 1965, 1989, 1991, 2079, 2183, 2184, 2386, 2387

34-37, 1583, 1585, 1636, 1637, 1639, 1640

1784,

1786, 1789-1792, 1829, 1847, 1850, 1874, 1880, 1881, 1883-1886, 2387,

2388

Gaylord Nelson__.

Walter F. Mondale-

Mike Gravel__
Lloyd Bentsen_

39, 40
42,

43, 626, 629, 676-678, 707, 708, 766, 769, 777-779, 832, 836, 837,
1587, 2388-2391

William D. Hathaway.
Floyd K. Haskell.
Carl T. Curtis_

626-628, 678, 683-686, 1387, 1388
1392, 1393

29,

30, 195, 200, 201, 242-245, 312, 316-318, 397, 401, 402, 430, 441, 442,
468, 623, 624, 626, 674-676, 709-711, 781, 919-921, 935, 972-976,
1034, 1035, 1041, 1049, 1050, 1052, 1053, 1065, 1066, 1077, 1140,
1142, 1171, 1175, 1176, 1186, 1215, 1246, 1260, 1261, 1293, 1294,
1310, 1336, 1337, 1349, 1359-1361, 1494-1496, 1516-1518, 1531-1533,
1654, 1655, 1682-1685, 1693, 1699, 1701, 1702, 1723, 1724, 1775, 1776,
1786, 1787, 1899. 1922, 1927, 1928, 1942, 1944-1946, 1949-1951,
1959, 1961-1965, 2134, 2135, 2143-2145, 2147, 2182, 2197, 2198, 2201,
2206-2209, 2227–2230, 2234-2236, 2294, 2295

(III)