The Honorable J.J. Pickle (D., Tex.)

Chairman, Subcommittee on Oversight, Committee on Ways and Means,U.S. House of Representatives, Announces A Field Hearing on the Compliance Costs and Regulatory Burden Imposed by the Federal Tax Laws

The Honorable J.J. Pickle (D., Tex.), Chairman of the Subcommittee on Oversight, Committee on Ways and Means, U.S. House of Representatives, announced today that the Subcommittee will hold a field hearing to examine the compliance costs and regulatory burdens imposed by the Federal tax laws on individuals and businesses. The hearing will be held on Friday, December 9, 1994, beginning at 9:00 a.m., in the Chemung County Legislature Chambers, 205 Lake Street, Elmira, New York.

Earlier this year, the Honorable Amo Houghton (R., N.Y.), the ranking Republican on the Subcommittee, directed the U.S. General Accounting Office (GAO) to investigate the compliance burden of the Federal income tax laws. GAO will present its initial findings at the hearing. Also, representatives from the Internal Revenue Service, the business community, academics, and tax practitioners will testify at the hearing.

In announcing the hearing, Subcommittee Chairman Pickle stated: "It has been estimated that millions--or maybe billions--of dollars are spent every year by businesses and individuals in their efforts to comply with the requirements of the Federal tax laws. At the same time, the reporting and record-keeping requirements of our tax laws must be sufficient to enable the Internal Revenue Service to enforce our tax laws fairly and effectively. Balancing the interests of the r Federal Government's tax collection efforts with the interests of individual and corporate taxpayers is an important and delicate task. The Subcommittee's hearing will help us consider how both these interests might be better served."

Congressman Houghton stated: "I look forward to participating in this hearing in order to get the views of the persons who bear the brunt of complying with the Federal tax laws and regulations."

Details for Submission of Written Comments:

Persons submitting written comments for the printed record of the hearing should submit six (6) copies by the close of business, Tuesday, December 20, 1994, to Janice Mays, Chief Counsel and Staff Director, Committee on Ways and Means, U.S. House of Representatives, room 1102 Longworth House Office Building, Washington, D.C. 20515.

Formatting Requirements:

Each statement presented for printing to the Committee by a witness, any written statement or exhibit submitted for the printed record or any written comments in response to a request for written comments must conform to the guidelines listed below. Any statement or exhibit not in compliance with these guidelines will not be printed, but will be maintained in the Committee files for review and use by the Committee.

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