ATPI ANNOUNCES ELECTION OF 2005 OFFICERS AND TRUSTEES

WASHINGTON, DC - The American Tax Policy Institute (ATPI) is pleased to announce the election of its Officers and Trustees for 2005. Dr. Rudolph G. Penner, will serve as President, Phillip L. Mann will be Vice Chair, and Michael Hirschfeld will be Treasurer. Penner is a Senior Fellow at the Urban Institute in Washington, DC and a former Director of the Congressional Budget Office. Mann works for Miller & Chevalier Chartered in Washington, DC, and Hirschfeld works for Dechert LLP in New York City. Roger Wheeler will continue to serve as the Secretary. Wheeler is Chief Tax Officer of the General Motors Corporation.

In addition, four new Trustees have been elected. All four of the new Trustees are well-known tax practioners: N. Jerold Cohen, Sutherland, Asbill & Brennan, LLP, Atlanta Georgia; Michael Hirschfeld, Dechert LLP, New York, NY; Victoria J. Perry, International Monetary Fund, Washington, DC; John M. Samuels, General Electric Company, Fairfield, CT.

Three individuals were re-elected for additional terms as ATPI Trustees: Leonard E. Burman, The Urban Institute, Washington, DC; Timothy J. McCormally, Tax Executives Institute, Washington, DC; and Michael L. Schler, Cravath, Swaine & Moore LLP, New York, NY.

The American Tax Policy Institute is dedicated to improving the Nation's tax system by supporting objective and nonpartisan research and analysis on tax policy issues. Founded in 1990, the Institute is a section 501(c)(3) organization supported by donations from individuals and organizations, including the American College of Tax Counsel and the Section of Taxation of the American Bar Association.