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Text File  |  1993-02-17  |  781b  |  18 lines

  1. REV-20 REPEAL THE POSSESSIONS TAX CREDIT
  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. Repeal the Credit      2.1      3.9       4.1      4.3      4.5       18.7
  10.  
  11. Replace the Credit
  12. with a Wage Credit     0.3      0.5       0.6      0.7      0.8        2.8
  13.  --------------------------------------------------------------------------
  14.  
  15. SOURCE:  Joint Committee on Taxation.
  16.  
  17. ---------------------------------------------------------------------------
  18.