Marianne Cohan NCPA Chairmans Council

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  1. 1. NCPA President and Kellye Wright Fellow John C. Goodman and other world-renowned economists and tax experts debated the pros and cons of the proposed value-added tax (VAT) at an NCPA- sponsored Capitol Hill briefing in June. Although a VAT is just another form of a retail sales tax, it has the advantage of being harder to evade.Tax experts believe that large retail sales taxes lead to compliance problems, which we can avoid by collecting the same tax along the chain of production. The NCPA strongly opposes enacting a VAT, particularly since the primary purpose of the VAT in the current political climate would be to raise revenue to support Congress out-of-control spending practices. The first order of business should be to control federal spending especially entitlement spending. Only when Congress can demonstrate some modicum of control over federal spending should we examine different ways to generate revenue. (continued on page 2) Vol. XVI, No. IV July/Aug, 2010 Wilkinson Joins NCPA Board of Directors See insert for photos from the most recent Chairmans Council, British Columbia, CanadaSee insert for photos from the most recent Chairmans Council, British Columbia, Canada NCPA Sponsors Capitol Hill Briefing on Proposed Value-AddedTax Greg Wilkinson,a lifelong Dallas resident,has joined the NCPA Board of Directors for the 20102011 term.Mr.Wilkinson has been in the construction business since 1971 and has been a registered professional engineer in Texas since 1972.After receiving a degree in Mechanical Engineering from Southern Methodist University (SMU),he completed graduate programs in business at Penn State University and SMU. Mr.Wilkinson spent 11 years with one of the largest construction/ engineering firms in the world: Fluor-Daniel.In 1982 at the age of 35,he was promoted to Vice President of Fluor-Daniel and became one of the youngest vice presidents the company had ever had. Story continues on page 2 NCPA President and Kellye Wright Fellow John C. Goodman (above) and NCPA Senior Fellow Laurence J. Kotlikoff (left) explained the negative impacts of the proposed value- added tax (VAT), addressing staff from the Joint Tax Committee and other committees at an NCPA-sponsored Capitol Hill briefing held in late June.
  2. 2. National Center for Policy Analysis NCPA News Wilkinson Appointed to NCPA Board of Directors (continued from page 1) In mid 1985 Wilkinson became the co-majority shareholder and President of Hill & Wilkinson, Ltd. At the time, annual revenue was approximately $10,000,000. His skills in marketing and overall management have been instrumental in the growth of the company.Today the companys annual revenue in building construction is $300,000,000. As a leading business innovator who cares deeply about public policy and how free-market reforms can empower individuals and generate economic growth, Greg Wilkinson is an invaluable asset to our board,said NCPA Board Chairman Pete du Pont.I look forward to serving with him as we work for the continued growth of the NCPA. Wilkinson is active in civic and professional organizations, including Boy Scouts of America, United Way and the Texas State University System. NCPA Board Chairman Pete du Pont confers his Board Member designation ribbon to Greg Wilkinson, the NCPAs newest Board Member, during the NCPAs Chairmans Council in Canada. Goodman and Kotlikoff Discuss Impact of VAT on Federal Spending (continued from page 1) It is possible to envision a VAT, or some other type of consumption or flat tax, that supplants our disparate system of income, excise and other federal taxes but not until Congress gets control over runaway spending. At the briefing, NCPA Senior Fellow Laurence J. Kotlikoff (shown below) explained the mechanics of how a VAT would work and the negative impact it would have on growing entitlement problems, the budget deficit and federal spending practices. Stephen Entin, President and Executive Director at the Institute for Research on the Economics of Taxation, argued the reasons to oppose the VAT, and Michael Lind, Policy Director of the New America Foundations Economic Growth Program, provided arguments in favor of a VAT. The briefing attracted staff from the Joint Tax Committee and other committees that will be examining the prospects of enacting a VAT.
  3. 3. ALERTNCPA July/August 2010 Chairmans Council British Columbia, Canada May 25, 2010 1. Brent Beesley 2. NCPA Board Member Jere Thompson 3. (From left to right): Peggy Thompson and Betty May 4. Elise du Pont 5. (From l to r): NCPA Board Member Greg Wilkinson, Jerry Mills, Peggy Thompson (background), and NCPA Policy Chairman Mike Whalen 6. NCPA Board Chairman Pete du Pont 7. Janice Mills 8. NCPA Board Member Tommy Franks 9. Virginia James 10. NCPA Board Member Victor Lattimore and Peggy Wilkinson 1 2 3 4 5 6 7 9 10 8
  4. 4. National Center for Policy Analysis Chairmans Council 11 12 13 14 15 16 17 18
  5. 5. ALERTNCPA July/August 2010 Chairmans Council 11. (In background,from l to r): Peggy Wilkinson,Kara Nordstrom, NCPA Policy Chairman Mike Whalen and NCPA Board Member Jere Thompson 12. (From l to r): NCPA Board Member Jere Thompson,Glenn Stinchcomb,NCPA Board Member Greg Wilkinson (background) and NCPA Board Chairman Pete du Pont 13. Shawn Wells 14. (From l to r): Kim Whalen,Peggy Thompson,Kara Nordstrom (background),Betty May,NCPA Board Member Jere Thompson, Jeanette Goodman and Shawn Wells 15. (From l to r): Elise du Pont,Ernie May,Virginia James and Brent Beesley 16. NCPA Policy Chairman Mike Whalen,Charles Murray and NCPA Board Member Jere Thompson 17. Peggy and NCPA Board Member Greg Wilkinson 18. Shawn Wells and Ernie May 19. Ernie and Betty May 20. (Background,clockwise): NCPA Board Chairman Pete du Pont and Glenn Stinchcomb. 21. (Clockwise from far left): Virginia James,Michael Walker,NCPA Board Chairman Pete du Pont,Brent Beesley and Elise du Pont 22. Kara Nordstrom and Shawn Wells 23. Virginia James and Kim Whalen 24. Marianne Lattimore 19 20 21 22 23 24
  6. 6. National Center for Policy Analysis Chairmans Council 31. Cathy Franks 32. Marianne Lattimore and NCPA Board Member Greg Wilkinson 33. NCPA President and CEO and Kellye Wright Fellow John C. Goodman 34. (From l to r): NCPA Board Member Jere Thompson, NCPA Policy Chairman Mike Whalen, and Charles Murray 25 26 27 28 29 32 34 30 33 27 31 25. NCPA Board Member Victor Lattimore and Betty May 26. Glenn Stinchcomb and NCPA Policy Chairman Mike Whalen 27. NCPA Board Chairman Pete du Pont 28. NCPA Policy Chairman Mike Whalen 29. NCPA Board Member Tommy Franks and Glenn Stinchcomb 30. (Background, clockwise): Jerry Mills, Nick Lewin (entertainer), Dr. Bruce Ames, Peggy Thompson and Ernie May
  7. 7. ALERTNCPA July/August 2010 Villarreal Discusses Government Bailout, Tax Increases on HoustonPBS Segment NCPA Major Sponsor of Free-Market Lunch Group in D.C. Senate Banking Committee Chief Economist Jeff Wrase headlined the most recent gathering of the NCPA/Cato Institute free-market lunch group on Capitol Hill. Wrase told the group, including congressional staff members and other influential policy makers, about the sweeping reforms in the financial regulation bill and the broader prospects for increased taxation. The lunch group, currently co-sponsored by the NCPA and the Cato Institute, meets monthly to discuss current happenings on Capitol Hill and the opportunities to promote free-market reforms. Past speakers have included former director of the Congressional Budget Office (CBO) and former chief economic advisor to Sen. John McCains 2008 presidential campaign, Douglas Holtz-Eakin, McKinsey Institute Founder Bill Lewis, and Tax Foundation President Scott Hodge. NCPA Legislative Director Brian Williams, in conjuction with the Cato Institute, coordinates a monthly free-market lunch group. Washington Outreach On May 21, NCPA Senior Policy Analyst Pamela Villarreal appeared on HoustonPBS public affairs program, Red, White and Blue, to discuss the government bailout, private sector vs. government-created jobs, tax increases, and other economic issues affecting the United States. Villarreal told hosts David Jones and Gary Polland that the problem with the bailout was that a large portion of it went toward creating jobs, and government isnt very good at creating jobs. She said the government usually spends more money creating jobs than it would cost the private sector to create the same jobs. On tax increases, Villarreal said that when President Obama was campaigning, he vowed that he wouldnt raise taxes, and the first thing he did when he got into office was to raise excise taxes. She also pointed out that the problem with tax increases imposed on the wealthy is that most of their wealth comes from capital and many of the proposals for increases are taxing capital. When you tax capital you effect job creation, Villarreal said. NCPA Senior Policy Analyst Pamela Villarreal appeared on the HoustonPBS public affairs program Red, White and Blue, with Mark Lee, Deputy General Counsel in the legal department for American International Group, and hosts Gary Polland and David Jones.
  8. 8. National Center for Policy Analysis July/August, 2010 Designer . . . . . . . . Amber Jones The NCPA is a research and education organization operating under Section 501(c)(3) of the IRS Code. You can contribute to our effort by mailing your donation to our Dallas headquarters or visiting our Web site at www.ncpa.org and clicking Support Us. For more information, please contact Eileen Resnik at eileen.resnik@ncpa.org. The NCPA depends solely on the contributions of individuals, corpora- tions and foundations that advocate private sector solutions to public policy problems. All contributions are tax deductible and the NCPA accepts no government grants or contracts. National Center for Policy Analysis P.O. Box 650098 Dallas,TX 75265-0098 NCPA Alert Online Activities Upc