WATCHING WASHINGTON TAX PROBLEMS GO TO CONFERENCE
With Patrick Crow Congressional conferees face many problems as they begin to merge House and Senate U.S. deficit reduction bills. The major problem is energy taxes. The bill passed by the House would impose a broad BTU tax on all energy, with a double tax on products refined from crude oil. The Senate bill would simply increase the federal excise tax on gasoline and diesel fuel 4.3 cents/gal.