PROPOSED EXTENSION OF THE SURCHARGE AND HEARINGS BEFORE THE COMMITTEE ON FINANCE UNITED STATES SENATE NINETY-FIRST CONGRESS FIRST SESSION ON H.R. 12290 TO CONTINUE THE INCOME TAX SURCHARGE AND THE EXCISE COMMITTEE ON FINANCE RUSSELL B. LONG, Louisiana, Chairman CLINTON P. ANDERSON, New Mexico HERMAN E. TALMADGE, Georgia JOHN J. WILLIAMS, Delaware CARL T. CURTIS, Nebraska EVERETT MCKINLEY DIRKSEN, Illinois JACK MILLER, Iowa LEN B. JORDAN, Idaho PAUL J. FANNIN, Arizona TOM VAIL, Chief Counsel EVELYN R. THOMPSON, Assistant Chief Clerk CONTENTS Page AFL-CIO, Andrew J. Biemiller, director, department of legislation, ac- Air Products & Chemicals, Inc., Joseph V. Ferguson, accompanied by: Prepared statement of Leon C. Holt, Jr.. Air Transport Association, George W. James, vice president, economics Rawls, R. M., assistant vice president; Hay, W. Dale, vice president, corporate affairs, and assistant secre- Quinn, Thomas F., vice president, tax administration, American Pichler, Stephen, director of taxes, Eastern Air Lines, Inc.; Ferguson, Robert G., senior vice president, finance, Pan American Mead, Harley W., assistant to comptroller, tax administration, Pan Hopkins, Malcolm T., vice president and treasurer, Trans World American Farm Bureau Federation, Marvin L. McClain, legislative direc- Page tor, accompanied by: Anderson, William C., assistant legislative director. American Paper Institute, Edwin A. Locke, Jr., president__ Barnett, Frank E., chairman of the board of directors, Union Pacific Railroad Co., accompanied by: Casey, Robert J., tax counsel; and Craig, John A., tax counsel... 268 Prepared statement of Frank E. Barnett_. 269 Biemiller, Andrew J., director, department of legislation, AFL-CIO, accompanied by: Goldfinger, Nathaniel, director, department of research.......... 282 283 Chamber of Commerce of the United States, Roscoe L. Egger, Jr., member of the taxation committee, accompanied by: Statham, Robert R., taxation and finance manager of the national chamber; and Madden, Dr. Carl, chief economist of the chamber... 313 Claytor, William Graham, president, Southern Railroad.. 159 Prepared statement.. 169 Cohn, Herbert B., on behalf of Edison Electric Institute, accompanied by: 404 Computer Lessors Association, Corp., represented by John M. Randolph, chairman of the board, Randolph Computer Corp-- 427 Derr, Charles I., senior vice president, Machinery and Allied Products Healy, William J., staff counsel; and van der Voort, staff economist_ 296 Prepared statement of Charles I. Derr_. 296 Eckhardt, Hon. Bob, a U.S. Representative in Congress from the State of 225 Prepared statement 225 Edison Electric Institute, represented by Herbert B. Cohn, accompanied by: Smith, Maynard E., meteorologist___ 404 Egger, Roscoe L., Jr., member of the taxation committee, Chamber of Statham, Robert R., taxation and finance manger of the national Madden, Dr. Carl, chief economist of the Chamber_ 313 Ferguson, Joseph V., Air Products & Chemicals, Inc., accompanied by: 352 Prepared statement of Joseph V. Ferguson__ 355 356 GATX-Armco-Boothe, Peter K. Nevitt, senior vice president, accompanied by: Silverstein, Leonard L., special tax counsel. 310 Prepared statement of Peter K. Nevitt__. 311 Goodfellow, Thomas M., president, Association of American Railroads, accompanied by: McDermott, Frank, tax counsel.. 253 Prepared statement of Thomas Goodfellow_ 256 Gulan, J. R., legislative director, National Federation of Independent 188 Gullander, W. P., president, National Association of Manufacturers.. Gulledge, Eugene A., president, National Association of Home Builders, accompanied by: 346 Rogg, Nathaniel H., executive vice president; Colton, Herbert S., general counsel; and Henderson, J. William Jr., chairman, Railway Progress Institute. Hogan, Rev. William T., professor of economics, Fordham University--- 235 444 390 |