FIRST REGULAR SESSION

House Concurrent Resolution No. 30

91ST GENERAL ASSEMBLY



2314L.02I

Whereas, the national economy and financial markets have begun to experience significant slowing; and



Whereas, the federal government is taking an ever larger percentage of taxes from working Americans and American businesses; and



Whereas, President George W. Bush campaigned last year on the need for a substantial federal tax cut for all Americans; and



Whereas, the members of the Missouri General Assembly strive to responsibly reflect the community spirit and job creation attitudes of mainstream America; and



Whereas, the Missouri General Assembly has long advocated market-based solutions as well as efficiencies in the spending of state and federal governments; and



Whereas, the Missouri General Assembly believes that reducing marginal rates on all taxpayers will bolster confidence, put disposable income in the hands of consumers and stimulate economic growth; and



Whereas, the Missouri General Assembly with this resolution is joining as a leader of the Tax Relief Coalition, a rapidly growing group of several hundred trade associations, chambers of commerce, businesses and citizens groups that advocate for the general components of President Bush's 2001 tax package; and





Whereas, the United States Congress is currently considering the first substantial, broad-based income tax reduction in almost a decade:



Now, therefore, be it resolved that the members of the House of Representatives of the Ninety-first General Assembly, First Regular Session, the Senate concurring therein, hereby urge our federal elected officials to support a tax cut that is:



1. Clean, fair and substantial, close to the ten-year $1.6 trillion package that the President is currently proposing, including reductions in marginal tax rates and the number of tax brackets for all Americans, elimination of the estate tax to ease the planning burdens and multiple taxation on millions of small businesses, doubling the child tax credit, and reducing the marriage penalty;



2. Retroactive to the beginning of this year, to immediately restore consumer confidence and jump-start our economy;



3. Devoid of gimmicks such as triggers and other devices designed to delay the tax cut from occurring, which would be a burden on small businesses and all taxpayers;



4. Not turned into an overburdened tax vehicle to create credits and loopholes for special interests in Washington, D.C.; and



Be it further resolved that the Missouri General Assembly urges the Missouri Congressional Delegation to act quickly on this proposal and the members of Congress to work with the President in a bipartisan manner to attempt to get a substantial tax package signed into law before July 1, 2001; and



Be it further resolved that the Chief Clerk of the Missouri House of Representatives be instructed to prepare properly inscribed copies of this resolution for each member of the Missouri Congressional Delegation.


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