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Text File  |  1993-02-17  |  923b  |  22 lines
  1. REV-37 IMPOSE A CARBON-BASED EXCISE TAX ON FOSSIL FUELS
  2.  
  3.                                 Annual Added Revenues
  4.                                 (Billions of dollars)             Cumulative
  5. Addition to          -----------------------------------------    Five-Year
  6. CBO Baseline         1994     1995      1996     1997     1998     Addition
  7. ---------------------------------------------------------------------------
  8.  
  9. CO2 Stabilization Tax 25.9  38.7     40.1     41.6     43.1    189.4
  10.  
  11. Phased-In CO2
  12. Reduction Tax      10.4     26.4     43.1     61.0     80.1    221.0
  13.  
  14. EC Carbon/Energy Tax 22.3   40.3     51.8     63.3     75.2    252.9
  15.  --------------------------------------------------------------------------
  16.  
  17. SOURCE:  Joint Committee on Taxation.
  18.  
  19. NOTE:  Estimates are net of reduced income and payroll tax revenues.
  20.  
  21. ---------------------------------------------------------------------------
  22.