This volume contains the hearings before the Committee on Governmental Affairs of the United States Senate concerning S. 94, a bill proposing a "Prohibition on the Consideration of Retroactive Tax Increases." Held on December 7, 1995, during the One Hundred Fourth Congress, First Session, the hearings address the implications and potential impact of retroactive tax laws. The document provides a detailed record of the discussions, testimonies, and presented arguments regarding the fairness and economic consequences of applying tax increases to prior tax years. It offers valuable insights into the legislative considerations and the perspectives of various stakeholders during this period. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.