HOUSE PANEL OKAYS BTU TAX PACKAGE

The House ways and means committee has passed President Clinton's tax package after changing collection points for the BTU tax on U.S. fuels. The full House is expected to approve the tax bill this week. The Senate finance committee will begin writing its version of the bill in June and complete work by June 18. Sen. David Boren (D-Okla.) said he and Sen. John Breaux (D La.), both on the finance committee, are working with Republicans on the panel to craft a substitute for the BTU tax.

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