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An Interview With Senator Robert Dole ^ _ zi An Inside Look at the 1982 Tax Law? Two major tax laws have been passed in the first t w o years of the Reagan administration—the Economic Recovery Tax Act of 1981 (ERTA) and the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA). To shed some light on the latter, John Connor, national director of tax, talked with Republican Senator Robert Dole of Kansas during a filmed interview in September for Touche Ross's tax seminars. As chairman of the Senate Finance Committee, Senator Dole was a primary architect of the 1982 tax act. In the conversation that follows, which was adapted from that filmed interview, Senator Dole explains the intentions behind the bill and traces it from the early planning stages to the president's desk. He also offers an insight into tax reforms now looming on the horizon. The 1982 act has widespread implications for both individuals and business. Its origins differ somewhat from that of the 1981 ERTA bill, described by Anthony Hope in the preceding article. The difference illustrates the complexity of the legislative process as much as it does the search for tax equity Connor: Senator Dole, from your perspective, could you share with us the background behind the 1982 federal tax legislation? Dole: To give this a little perspective, I think you have to consider what we did in 1981 — passing the most massive tax cut in history—together with what we did this year. When you fold the two together, they make a great deal of sense. This year we changed some of the provisions which were a bit too generous last year. More importantly, we also made some changes that, in my opinion, should have been made over the past several years, such as closing certain loopholes and improving compliance.
Object Description
Title |
Inside look at the 1982 tax law: An Interview with Senator Robert Dole |
Author |
Connor, John Dole, Robert |
Subject |
United States. Economic Recovery Tax Act of 1981 United States. Tax Equity and Fiscal Responsibility Act of 1982 Taxation -- Law and legislation -- United States |
Citation |
Tempo, Vol. 28, no. 1 (1982), p. 38-40 |
Date-Issued | 1982 |
Source | Originally published by: Touche Ross, & Co. |
Rights | Copyright and permission to republish held by: Deloitte |
Type | Text |
Format | PDF page image with corrected OCR scanned at 400 dpi |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Library. Accounting Collection |
Date-Digitally Created | 2010 |
Language | eng |
Identifier | Tempo_1982_Spring-p38-40 |