Expressing the sense of Congress that the Internal Revenue Code of 1986 should be reformed by April 15, 2001, in a manner that protects the Social Security and Medicare Trust Funds, that is revenue neutral, and that results in a fair and less complicated tax code.

Expresses the sense of the Congress that the Internal Revenue Code should be reformed by a certain date in a manner that: (1) protects the Federal Old-Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund; (2) is revenue neutral; (3) encourages savings and investment; and (4) results in a fair and less complicated tax code.