U.S. BTU TAX PLAN REVISED; INDUSTRY WARY OF RESULTS

Patrick Crow Washington Editor The Clinton administration has changed its U.S. energy tax proposal to remove some objections voiced by industry and consumers. The new plan is designed to raise $71.4 billion during 5 years to help fund the administration's deficit reduction/economic stimulus package (OGJ, Mar. 1, p. 19). The petroleum industry found little or nothing to cheer about in the revised plan. Michael Baly, American Gas Association president, said the new plan will be a major blow

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