WATCHING WASHINGTON CLOSE VOTE DUE ON BTU TAX

With Patrick Crow Although the vote could be close, the Senate is expected to pass its version of President Clinton's $500 billion deficit reduction bill. And anticipating passage, the Clinton administration is beginning to show its preference for the BTU tax in a bill passed by the House. The Senate finance committee chose a 4.3cts/gal gasoline tax increase rather than a BTU tax. A House-Senate conference committee will meet in July to merge the bills and decide on the energy tax

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