Ed Royce: “Today I am introducing a Constitutional amendment to outlaw retroactive taxation. It is the same wording that I…”

“Today I am introducing a Constitutional amendment to outlaw retroactive taxation. It is the same wording that I introduced last session under House Joint Resolution 248. Last session it was cosponsored by 146 Members. I introduced it in response to President Clinton's retroactive tax increase which reached back even before he was sworn into office. Even the new Russian Constitution protects those citizens from the Government retroactively raising taxes on their people. I think it is time, Mr. Speaker, that the American public, the American taxpayers have the same protections. Even someone accused of a crime is given the right that there will not be laws passed which come into play retroactively. Taxpayers should have that same right.”