Proposing an amendment to the Constitution of the United States relative to abolishing personal income, estate, and gift taxes and prohibiting the United States Government from engaging in business in competition with its citizens.

Constitutional Amendment - Provides that: (1) the United States shall not engage in any business, financial, professional, or industrial enterprise except as specified in the Constitution; (2) State or Federal laws shall not be subject to any foreign or domestic agreement abrogating this amendment; (3) U.S. activities in violation of this amendment shall be liquidated and the affected properties sold; and (4) the 16th article of amendments to the Constitution shall stand repealed and thereafter the Congress shall not levy taxes on personal income, estates, or gifts.