REV-30 REPEAL TAX PREFERENCES FOR EXTRACTIVE INDUSTRIES

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Repeal Expensing of
Intangible Drilling,
Exploration, and
Development Costs      0.8      1.4       1.3      1.2      1.2        5.9

Repeal Percentage
Depletion              0.5      0.9       0.9      0.9      0.9        4.1
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SOURCE:  Joint Committee on Taxation.

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