Publisher's Synopsis
Excerpt from President Clinton's Proposals for Public Investment and Deficit Reduction, Vol. 2 of 2: Hearings Before the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, First Session; March 9, 10, 16, 17, 23, 31, and April 1, 1993; March 23, 31, and April 1, 1993; Serial 103-27
Eei strongly advocates sound economic, environmental, and energy policies. These policies should be developed so that they are in consonance with one another; Congress enacted new and strengthened environmental and energy statutes in 1990 and 1992. The proposed Btu energy tax must be examined in light of the cost of these new laws and the effect they will have on our Nation's economy. We believe the net effect of the proposed Btu energy tax will result in unsound economic, environmental and energy policy.
Our testimony today focuses on the President's revenue proposals, including the Btu energy tax, the corporate tax rate increase, well as the incremental investment tax credit and the depreciation changes in the alternative minimum tax. Each of these proposals is discussed below.
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