Served on the Budget Committee, 1997. On that Committee, authored the Sherman Amendment to the Budget Resolution providing an additional $700 million for the acquisition of environmentally important lands in FY ‘98. The Sherman Amendment was included in the Joint Budget Resolution and effectuated by a $699 million appropriation. Sherman also secured $16 million to acquire land and to complete the Backbone Trail through the Santa Monica Mountains National Recreation Area.
Strong advocate for fiscal responsibility, a balanced budget, federal aid to education, the interests of working families, strong environmental standards, the protection of Social Security and Medicare, and policies to expand U.S. exports.
Served on the California State Board of Equalization from 1990-1995. Chairman of the Board 1991 to 1995. Led the successful fight to repeal the snack tax.
Private Sector Experience: 1974 - 1991
Participated as a staff member of a big-four CPA firm in the financial audits of large businesses and governmental entities; provided tax law counsel on multi-million dollar transactions; provided tax and investment advice to entrepreneurs and small businesses; helped represent the Government of the Philippines under President Aquino in a successful effort to seize assets of deposed President Marcos. Instructor, Harvard Law School International Tax Program.
