Duncan Faircloth: “today I am introducing S. 1555, the ``Internal Revenue Service Oversight, Restructuring and Tax Code Elimination Act of…”

“today I am introducing S. 1555, the ``Internal Revenue Service Oversight, Restructuring and Tax Code Elimination Act of 1997.'' This legislation establishes an oversight board composed of private citizens to review the policies and practices of our nation's tax collection agency. The measure also eliminates the existing tax code by December 31, 2000, and eliminates the Internal Revenue Service by the end of the Year 2000 fiscal year. Mr. President, the American people have been telling this Congress that all is not right at the Internal Revenue Service, and it is time for the Congress to do something about it. Of course, no one enjoys paying their taxes, but the American people voluntarily comply with the tax code to a degree that is the envy of governments around the world. They do so because they want to do what is right. They deserve to be treated fairly, and they deserve a tax system that supports working families, not one that punishes them. This past September, the Senate Committee on Finance held hearings in which taxpayers described the many abuses they have suffered at the hands of the Internal Revenue Service.”