REV-01 RAISE MARGINAL TAX RATES FOR INDIVIDUALS AND CORPORATIONS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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                                  Individuals

Raise Marginal Tax
Rates to 16 Percent,
30 Percent, and
33 Percent            20.4     34.9      36.8     38.6     40.2      170.8

Add a 5 Percent
Surtax                16.2     27.9      29.5     31.1     32.5      137.2

Raise the Top
Marginal Tax Rates
to 30 Percent
and 33 Percent         9.8     16.7      17.6     18.5     19.3       82.0

Raise the Top
Marginal Tax Rate
to 33 Percent          3.9      6.5       6.7      6.9      7.1       31.1

Raise the Top
Marginal Tax Rate
to 33 Percent and Add
a 38 Percent Bracket   9.2     15.6      15.9     16.2     16.5       73.4

                                 Corporations

Raise the Top
Marginal Tax Rate
to 35 Percent          1.8      3.1       3.2      3.2      3.2      14.5

Add a 5 Percent
Surtax                 3.6      6.0       6.4      6.7      6.9      29.6
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SOURCE:  Joint Committee on Taxation.

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