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For Immediate Release Sweeney Legislation Protects America's Economy April 16, 2003 (Washington, DC) – In March, New York Congressman and House Appropriation Committee member John Sweeney introduced legislation (H.R. 1206) to discourage international organizations from promoting tax harmonization policies that undermine the economic interests of the United States. The legislation targets two organizations, the United Nations and the Paris-based Organization for Economic Cooperation and Development (OECD), both of which receive about 25 percent of their budgets from U.S. taxpayers. Andrew Quinlan, president of the Center for Freedom and Prosperity, welcomed the legislation: "Rep. Sweeney's bill is a shot across the bow to multinational bureaucracies. They will suffer consequences if they take America's money and then use those funds to push policies that undermine our competitiveness and sovereignty. The Center for Freedom and Prosperity and the Coalition for Tax Competition strongly support H.R. 1206." Dan Mitchell of the Heritage Foundation said, "The United States is the world's largest beneficiary of tax competition and international capital flows. As such, it is very short-sighted for American taxpayers to subsidize international bureaucracies that promote tax cartels and advocate dangerous ideas like an International Tax Organization." Cato Institute's Veronique de Rugy concurred, stating, "High-tax welfare states like France want to destroy fiscal competition, and they are using the UN and OECD to undermine economic liberalization. If the United States can thwart these misguided schemes by using the "power of the purse," the cause of global economic liberalization will receive a significant boost." Link to Rep. Sweeney's "Dear Colleague" on H.R. 1206 Link to Bill Summary and Text:
For additional comments: _____________________________________
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