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Title: No broad-based energy taxes in 1991 budget

Abstract

This article discusses energy taxes in 1991 budget. On September 30, less than 12 hours before automatic across-the-board budget cuts were to go into effect at the start of a new fiscal year, President Bush announced that congressional negotiators had agreed upon a budget package for FY 1991. At press time, Congress had not voted on the measure, but was expected to do so soon. Utility industry groups were happy that the much-talked-about broad-based energy tax - on Btu's or carbon emissions - was missing. The gasoline tax, however, currently nine cents a gallon, is due for two five-cent increases, on December 1 and July 1. Petroleum-based products - excluding home heating oil, but including gasoline - would be taxed an additional two cents on January 1. Expected revenues from the two taxes: $56.8 billion in five years.

Authors:
Publication Date:
OSTI Identifier:
5247772
Resource Type:
Journal Article
Journal Name:
Public Utilities Fortnightly; (United States)
Additional Journal Information:
Journal Volume: 126:9; Journal ID: ISSN 0033-3808
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; ENERGY SOURCES; TAXES; USA; ECONOMIC POLICY; BUDGETS; ELECTRIC POWER INDUSTRY; ENERGY TAX ACT; NATIONAL GOVERNMENT; NATURAL GAS INDUSTRY; DEVELOPED COUNTRIES; GOVERNMENT POLICIES; INDUSTRY; LAWS; NATIONAL ENERGY ACT; NORTH AMERICA; 293000* - Energy Planning & Policy- Policy, Legislation, & Regulation; 290200 - Energy Planning & Policy- Economics & Sociology

Citation Formats

Rodgers, L M. No broad-based energy taxes in 1991 budget. United States: N. p., 1990. Web.
Rodgers, L M. No broad-based energy taxes in 1991 budget. United States.
Rodgers, L M. 1990. "No broad-based energy taxes in 1991 budget". United States.
@article{osti_5247772,
title = {No broad-based energy taxes in 1991 budget},
author = {Rodgers, L M},
abstractNote = {This article discusses energy taxes in 1991 budget. On September 30, less than 12 hours before automatic across-the-board budget cuts were to go into effect at the start of a new fiscal year, President Bush announced that congressional negotiators had agreed upon a budget package for FY 1991. At press time, Congress had not voted on the measure, but was expected to do so soon. Utility industry groups were happy that the much-talked-about broad-based energy tax - on Btu's or carbon emissions - was missing. The gasoline tax, however, currently nine cents a gallon, is due for two five-cent increases, on December 1 and July 1. Petroleum-based products - excluding home heating oil, but including gasoline - would be taxed an additional two cents on January 1. Expected revenues from the two taxes: $56.8 billion in five years.},
doi = {},
url = {https://www.osti.gov/biblio/5247772}, journal = {Public Utilities Fortnightly; (United States)},
issn = {0033-3808},
number = ,
volume = 126:9,
place = {United States},
year = {Thu Oct 25 00:00:00 EDT 1990},
month = {Thu Oct 25 00:00:00 EDT 1990}
}