Officers of The Prosperity Institute
Richard W. Rahn, Chairman
Dr. Rahn serves as a member of the Board of: the American Council for Capital Formation, the Small Business Survival Committee, the Southeastern Legal Foundation, the Institute for Research on the Economics of Taxation, the Institute for Political Economy, and the Center for the American Founding. Also, he is a senior fellow of the Discovery Institute and an adjunct scholar of the Cato Institute. He served as an economic advisor to President Bush during the 1988 Presidential campaign, and is a member of the Mont Pelerin Society. Dr. Rahn is a frequent TV and radio commentator, and has written hundreds of articles for leading newspapers and magazines, and is the author of the book The End of Money and the Struggle for Financial Privacy (Discovery Institute Press, 1999). He has testified before the U.S. Congress on economic issues more than seventy-five times. Dr. Rahn is also Chairman of Novecon Financial Ltd. and was the founding Chairman of a company, which is now Sterling Semiconductor, a subsidiary of Uniroyal Technology Corp. Dr. Rahn previously served as Vice President and Chief Economist of the Chamber of Commerce of the United States, and as the Executive Director of the American Council for Capital Formation. He has taught at the graduate level at several universities. Dr. Rahn has advised senior government officials on tax and monetary issues in many countries and served as the U.S. co-chairman of the Bulgarian Economic Growth and Transition Project in 1990. Dr. Rahn earned his Ph.D. in business economics from Columbia University, and was awarded an honorary Doctor of Laws by Pepperdine University (1993).
Mr. Mastromarco was the founder of the Argus Group, a free-market oriented public policy law and economics firm. A graduate of Albion College and Georgetown University Law Center with an L.LM (L. Legum Magister) in Taxation, Mr. Mastromarco is a member of the D.C. and Michigan Bars. A tax lawyer by training, Mr. Mastromarco served as adjunct professor at the University of Maryland International Management Program. Mr. Mastromarco was Assistant Chief Counsel for Tax Policy with the U.S. Small Business Administration, where for six years he functioned as the sole appointed advocate for small business tax policy in the Federal government. He worked as a Special U.S. Trial Attorney in the Tax Division of the Department of Justice and also spent three years as staff counsel to U.S. Senator Roths Subcommittee on Investigations, where he advised the Committee Members on hearings, legal aspects of investigations and fashioned Senate and staff reports. Mr. Mastromarco has authored numerous published journal articles and opinion editorials, and has appeared on national television and on many talk radio stations on behalf of free market policies.
David R. Burton, CEO
Mr. Burton has extensive experience in Washington. He is a leading advocate of fundamental tax reform. He served as the primary technical advisor to the Congressional Sales Tax Caucus as well as assisting proponents of the flat tax. In the 1980's, Mr. Burton served as the Manager of the Tax Policy Center of the U.S. Chamber of Commerce, where he was one of the principal small business lobbyists involved in passage of the Taxpayer Bill of Rights and the repeal of section 2036(c) relating to estate freezes. Mr. Burton has testified before Congress, regularly appears on television and radio programs and has written on tax policy matters in a wide variety of publications. He also served as editor of the Journal of Economic Growth. In addition, Mr. Burton is an experienced businessman, having served as Vice President of Finance and General Counsel for a multinational machinery company. He also has served as an Adjunct Professor of the University of Maryland International Management Program. Mr. Burton has a B.A. in economics from the University of Chicago and a J.D. from the University of Maryland, and is a member of the Maryland and District of Columbia bars.
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