Lapas attēli
PDF
ePub

TAX RECOMMENDATIONS

OF THE PRESIDENT

BEFORE THE

HEARINGS
LIS. comreas. Herud.
COMMITTEE ON WAYS AND MEANS.

HOUSE OF REPRESENTATIVES

NINETY-FIRST CONGRESS

SECOND SESSION

ON THE SUBJECT OF THE

TAX RECOMMENDATIONS OF THE PRESIDENT

SEPTEMBER 9, 10, 14, 15, 16, AND 17, 1970

Printed for the use of the Committee on Ways and Means

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON : 1970

50-374 O

W3

1970 d

COMMITTEE ON WAYS AND MEANS

WILBUR D. MILLS, Arkansas, Chairman HALE BOGGS, Louisiana

JOHN W. BYRNES, Wisconsin JOHN C. WATTS, Kentucky

JACKSON E. BETTS, Ohio AL ULLMAN, Oregon

HERMAN T. SCHNEEBELI, Pennsylvania JAMES A. BURKE, Massachusetts

HAROLD R. COLLIER, Illinois MARTHA W. GRIFFITHS, Michigan

JOEL T. BROYHILL, Virginia DAN ROSTENKOWSKI, Illinois

BARBER B. CONABLE, JR., New York PHIL M. LANDRUM, Georgia

GEORGE BUSH, Texas CHARLES A. VANIK, Ohio

ROGERS C. B. MORTON, Maryland RICHARD H. FULTON, Tennessee

CHARLES E. CHAMBERLAIN, Michigan JACOB H. GILBERT, New York

JERRY L. PETTIS, California
OMAR BURLESON, Texas
JAMES C. CORMAN, California
WILLIAM J. GREEN, Pennsylvania
SAM M. GIBBONS. Florida

JOHN M. MARTIN, Jr., Chief Counsel
J.P. BAKER, Assistant Chief Counsel
RICHARD C. WILBUR, Minority Counsel

(II)

[ocr errors][merged small]

BACKGROUND MATERIAL Press release dated August 12, 1970, announcing public hearings on the tax Page recommendations of the President..

1 Tax Recommendations of the President..

5 Letter from the Secretary of the Treasury to the Speaker of the House of Representatives dated July 30, 1970.-

9 Draft bill to extend excise taxes on communication services and automobiles.

15 Draft bill to accelerate the collection of estate and gift taxes, and for other purposes.

17 Draft bill to impose a tax on lead additives used in gasoline, and for other purposes -

29 Technical explanation of proposed bill to provide for a tax upon lead additives used in gasoline.--

35

ORAL STATEMENTS

103 45

48

By GOVERNMENT WITNESSES
Commerce, Department of: Ragone, Dr. David V., chairman, Technical

Advisory Board Panel on Automotive Fuels and ảir Pollution -
Environmental Quality, Council on, Hon. Russell E. Train, Chairman.
Health, Education, and Welfare, Department of:

Veneman, Hon. John G., Under Secretary-
Middleton, Dr. John T., Commissioner, National Air Pollution Control

Administration.--.
Stork, Eric O., Assistant Commissioner for Mobile Source Pollution

Control..
Science and Technology, Office of:

Gouse, Dr. S. William, Jr., technical assistant..

Heffner, Dr. Hubert, Acting Director--
Treasury, Department of:

Kennedy, Hon. David M., Secretary
Nolan, John S., Acting Assistant Secretary, Tax Policy Division.-

48

48

51 51

40 40

BY PUBLIC WITNESSES

233 233 233 233

246 246

American Bankers Association:

Covey, Richard B., special counsel.
Fleming, Austin, Northern Trust Co. of Chicago-
MacKethan, Edwin R., president, trust division.-

Stevens, William K., First National Bank of Chicago -
American Bar Association:

Colson, Earl, chairman, tax section on estate and gifts

McDowell, Sherwin T., chairman, section of taxation.-
American Federation of Labor-Congress of Industrial Organizations:

Biemiller, Andrew J., director, department of legislation..

Goldfinger, Nathanial, director of research.-
American Institute of Certified Public Accountants:

Barnes, William T., chairman, division of Federal taxation..

Simonetti, Gilbert, Jr., director, division of Federal taxation.
American Petroleum Institute:

Gammelgard, P. N., senior vice president

Ikard, Hon. Frank N., president.
American Telephone & Telephone Co., Robert N. Flint, assistant treasurer.
APCO Oil Corp., J. H. Pittinger, on behalf of..

(III)

135 135

255 255

[ocr errors]

340 340 151 384

[ocr errors][ocr errors]

Page 355

355

255

135 434 163

139

139 157

395

395

395

246

219 219

267 233 146

Ashland Petroleum Co.:

Yancey, Robert E., chief operating officer (statement presented by

Oliver J. Zandona),
Zandona, Oliver J., vice president (presenting statement of Robert E.

Yancey)--
Barnes, William T., chairman, division of Federal taxation, American

Institute of Certified Public Accountants.-
Biemiller, Andrew J., directior, department of legislation, American Fed-

eration of Labor-Congress of Industrial Organizations.
Blanchard, Lawrence E., Jr., executive vice president, Ethyl Corp-
Buddeke, Richard A., Recreational Vehicle Institute. -
Chamber of Commerce of the United States:

Statham, Robert B., taxation and finance manager.
Winter, Walker, member, board of directors, and chairman, taxation

committee.
Chrysler Corp., Brian T. O'Keefe, director, Government liaison.
Coastal States Marketing, Inc.:

Juren, Dennis, vice president, Refined Products Marketing (present

ing statement of Jesse D. Winzenried) - -
Winzenried, Jesse D., chief operating officer (statement presented by

Dennis Juren).
Coastal States Refining Gas Co., Jesse D. Winzenried, vice president (also

chief operating officer, Coastal States Marketing, Inc.), statement

presented by Dennis Juren...
Colson, Earl, chairman, tax section on estate and gifts, American Bar

Association
Community-Group Health Foundation, Inc.:

Lehrfeld, William J., counsel..

Smith, Dr. Eddie G., director of health service..
Conway, Hewitt A., chairman, income taxation of estates and trusts, tax

section, New York State Bar Association --
Covey, Richard B., special counsel, American Bankers Association..
Davidson, John C., president, Tax Council. -
DeMaras, James H., Jr., executive vice president, Independent Refiners

Association of California.
Diggs, Dr. Donald, chairman, emission task force, environmental quality

committee, E. I. du Pont de Nemours & Co.-
Dryer, Edwin J., Washington representative, Independent Refiners As-

sociation of America.. E. I. du Pont de Nemours & Co.:

Diggs, Dr. Donald, chairman, emission task force, environmental

quality committee.-
Gee, Dr. Edwin A., Jr., vice president.--

Welch, Charles E., member, environmental quality control committee-
Ethyl Corp.:

Blanchard, Lawrence E., Jr., executive vice president

Hesselberg, Howard, coordinator of air conservation.
Fleming, Austin (Northern Trust Co. of Chicago), on behalf of the American

Bankers Association --
Flint, Robert N., assistant treasurer, American Telephone & Telegraph

Co.--
Foosaner, Samuel J., Newark, N.J., on behalf of New Jersey Manufacturers'

Association -
Foulis, Ronald J., consultant, U.S. Independent Telephone Association..
Freeman, Prof. A. Myrick, III, on behalf of the Sierra Club.--
Gammelgard, P. N., senior vice president, American Petroleum Institute.
Gee, Dr. Edward A., Jr., vice president, É. I. du Pont de Nemours & Co.-
Goldfinger, Nathanial, director of research, American Federation of

Labor-Congress of Industrial Organizations-
Hesselberg, Howard, coordinator of air conservation, Ethyl Corp-
Humphreys, David J., Washington counsel, Recreational Vehicle Institute.
Ikard, Hon. Frank N., president, American Petroleum Institute..-
Illinois State Bar Association, William P. Sutter, third vice president..
Independent Refiners Association of America:

Dryer, Edwin J., Washington representative-
Pittinger, J. H., president

391

422

384

422 422 422

434 434

233

151

259 154 365 340 422

135 434 163 340 263

384 384

Independent Refiners Association of California, James H. DeMaras Jr., Page executive vice president..

391 Juren, Dennis, vice president, Refined Products Marketing, Coastal

States Marketing, Inc. (presenting statement of Jesse D. Winzenried, vice president, Coastal States Gas Producing Co.)

395 Kimberley, John L., executive vice president, Lead Industries Association. 399 Lead Industries Association, John L. Kimberley, executive vice

president - 399 Lehrfeld, William J., counsel, Community-Group Health Foundation, Inc...

219 Logan, Harry A., Jr., on behalf of National Petroleum Refiners Association..

361 McCarthy, Frank E., executive vice president, National Automobile Dealers Association.

160 McComas, Harrold J., Milwaukee, Wis---

270 McDowell, Sherwin T., chairman, section of taxation, American Bar Association.

246 MacKethan, Edwin R., president, trust division, American Bankers Association -

233 National Automobile Dealers Association: McCarthy, Frank E., executive vice president.

160 Winston, John P., counsel.

160 National Petroleum Refiners Association, Harry A. Logan, Jr., on behalf of 361 New Jersey Manufacturers' Association, Samuel J. Foosaner.

259 New York State Bar Association, Hewitt A. Conway, chairman, income taxation of estates and trusts, tax section.

267 O'Keefe, Brian T., director, Government liaison, Chrysler Corp

157 Peterson, Ronald J., president, Society of Independent Gasoline Marketers of America

448 Pittinger, J. H., president, Independent Refiners Association of America, also on behalf of APCO Oil Corp-

384 Recreational Vehicle Institute: Buddeke, Richard A.

163 Humphreys, David J., Washington counsel

163 Rogers, Hon. Paul G., a Representative in Congress from the State of Florida..

337 Sierra Club, Prof. A. Myrick Freeman III, on behalf of -

365 Simonetti, Gilbert, Jr., director, division of Federal taxation American Institute of Certified Public Accountants

255 Smith, Dr. Eddie G., director of health service, Community-Group Health Foundation, Inc.

219 Society of Independent Gasoline Marketers of America, Ronald J. Peterson, president.

448 Statham, Robert B., taxation and finance manager, Chamber of Commerce of the United States

139 Stevens, William K. (First National Bank of Chicago), on behalf of the American Bankers Association.

233 Sutter, William P., third vice president, Illinois State Bar Association.. 263 Tax Council, John C. Davidson, president..

146 U.S. Independent Telephone Association: Foulis, Ronald J., consultant

154 Wilbourn, Hugh R., Jr., chairman, committee on legislation..

154 Welch, Charles A., member, environmental quality control committee, E. I. du Pont de Nemours & Co..

422 Wilbourn, Hugh R., Jr., chairman, committee on legislation, U.S. Independent Telephone Association.

154 Winston, John P., counsel, National Automobile Dealers Association.. 160

nter, Walter, member, board of directors, and chairman, taxation committee, Chamber of Commerce of the United States.

139 Winzenried, Jesse D., vice president, Coastal States Gas Producing Co.

(statement presented by Dennis Juren, vice president, Refined Products Marketing, Coastal States Marketing, Inc.).

395 Yancey, Robert E., chief operating officer, Ashland Petroleum Co. (statement presented by Oliver J. Zandona, vice president)-

355 Zandona, Oliver J., vice president, Ashland Petroleum Co. (presenting statement of Robert E. Yancey, chief operating officer).

355

« iepriekšējāTurpināt »