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 the business in competition with its citizens.

Constitutional Amendment - Prohibits the United States from engaging in any business, professional, commercial, financial, or industrial enterprise except as specified in the Constitution.

Prohibits the constitution or laws of any State, or the laws of the United States, from being subject to the terms of any foreign or domestic agreement which would abrogate this amendment.

Requires any activities of the U.S. Government which violate the intent and purposes of this amendment to, within a period of three years from the date of the ratification of this amendment, be liquidated and the properties and facilities affected to be sold.

Repeals, three years after the ratification of this amendment the sixteenth article of amendments to the Constitution of the United States and thereafter Congress shall not levy taxes on personal incomes, estates, and/or gifts.