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Publication Date: May 1993
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): John Shanahan
Research Area: Energy
Keywords: Taxes
Type: Report
Coverage: United States
Abstract:
The energy tax on the heat content of fuels should be eliminated from the tax package before Congress. The package unfairly taxes some industries while exempting others. The tax will not raise the projected revenue, nor will it help the economy. It will hurt American families, cost jobs, undermine U.S. competitiveness, and slow growth. Moreover, contrary to President Clinton’s assertions, it will hurt the poor and the environment.