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Show ixes and Reforming the Tax Code : liOGuno tva : ( rvj&i i ... i: 1997Tax Cuts Made Positive Changes for Utah Families: mstmmm increasing to$500 perchild inJ.999 EIiminatesJhetaxori gainsJorsaleofa JiomeJothe first $250,00Cf($500,000 for Creates American, Dream. JRAsTwhichTafteLfiveTyears pfjnvesting cabbeTised for a otects small businesses and family farms by boosting the portionof anestate exemptfromthe deattvtax to $ ifctBlIIIRJrt AIIowsjdeductiori.ofJiealtlinsurance paymentsby the self-employ- t 'UlTr iigiirM vjfe tllXfifJIJHJlr Representative Cannon has cosponsored H.R.2676 which would: politicaappointeesaUherreasurypep TrovideJS protections that enhance taxpayeightswheixcitizerfs Jlow taxpayers to recoverattorneysfeeswhen, thlRSlswrongj B8lB A viVlriflM ofjheiyights before anaudit begins" lYyAyr to inforrn taxpayers equire ,IRS agents UrC force action on reform; Congressman Cannon has cosponsored H.R72463, which mandates completeelimination of thF IRS Code by Decembe?3lf To 7ffT4T.f.H rJT4l f7?4rt? VlttnJTTh HUa he t jncome taxrialnncomedxjtjiotcapitar gains' interestdividendsjnheritances"o7.Sociaf Security benefitsand eiiminatesall deductions and -- Armey-Shelb- y flaUaxappliesaf-percen- orbusinesseslthejlat taxjs calculated yjMAs by subtracting allowable costsofdoing business from fcraslm 'lllmaihiu 1 i 4 percent applies to incomejnorder to allow fordeductions for and interest charitable contributions ortgage 5 percent tax pr the grossjeceipts rom, the salejsf anytaxable goocDor.se rv ice SchaefeTauzin proposafabolishes the fIRSjr200and prohibits theestablishment oha successogencysteadTthiTSecretarof thejreasurywould administerthenew tax system C . I r |