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Text File  |  1993-02-17  |  1KB  |  28 lines
  1. REV-35 INCREASE EXCISE TAXES ON TOBACCO AND ALCOHOLIC BEVERAGES
  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. Increase Cigarette
  9. Tax to 48 Cents
  10. per Pack            3.1      3.8      3.7      3.7      3.6     17.9
  11.  
  12. Increase All
  13. Alcoholic Beverage
  14. Taxes to $16.00 per
  15.  
  16. Proof Gallon        3.7      4.7      4.7      4.7      4.7     22.6
  17.  
  18. Index Cigarette
  19. and Alcohol Tax
  20. Rates for Inflation  0.2     0.5      0.7      1.0      1.2      3.6
  21.  --------------------------------------------------------------------------
  22.  
  23. SOURCE:  Joint Committee on Taxation.
  24.  
  25. NOTE:  Estimates are net of reduced income and payroll tax revenues.
  26.  
  27. ---------------------------------------------------------------------------
  28.