Bob Kerrey: “There is a tremendous problem with this Y2K issue, and that is going to be felt by taxpayers who are not going to get…”

“There is a tremendous problem with this Y2K issue, and that is going to be felt by taxpayers who are not going to get returns. They are not going to get refunds and not going to be able to deal with the IRS because the computers are not going to be able to function unless the Y2K problem is solved. And there is no margin for error; you cannot have it 99 percent, you have to have it 100 percent, or there will be far greater problems with the IRS than anything our oversight hearings and the Restructuring Commission hearings have identified. I call to the Senator's attention--in fact, I think I should read it into the Record. Mr. Rossotti has, by the way, sent the Finance Committee a letter. Senator Moynihan has an amendment that instructs us to delay some of the implementation, and I believe he is going to offer it later, and I think we have agreed to accept that amendment. I am not sure that solves the problem entirely. We have to talk to Mr. Rossotti about it.”