WATCHING WASHINGTON MARCHING TOWARD A TAX INCREASE
With Patrick Crow A congressional conference committee seems to be moving smoothly toward an agreement that would increase the federal tax on gasoline and diesel fuel but impose no other energy taxes. The committee began making progress last week on the $500 billion deficit reduction bill. Treasury Sec. Lloyd Bentsen and Leon Panetta, Office of Management and Budget director, said the conferees were moving toward acceptance of most provisions in the bill passed by the Senate.