BTU TAX PLAN HEADED FOR BIG CHANGES IN SENATE

The Senate finance committee will make major changes in President Clinton's BTU tax proposal when it begins marking up the U.S. deficit reduction bill this week. Clinton made a number of compromises to persuade House of Representatives members to pass the bill. They did so in a 219-213 vote May 27. The president talked to about 60 House members, some of them several times, To win House passage, Clinton agreed to accept a smaller BTU tax in the Senate bill and to make three major changes:

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home