REV-35 INCREASE EXCISE TAXES ON TOBACCO AND ALCOHOLIC BEVERAGES

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Increase Cigarette
Tax to 48 Cents
per Pack            3.1      3.8      3.7      3.7      3.6     17.9

Increase All
Alcoholic Beverage
Taxes to $16.00 per

Proof Gallon        3.7      4.7      4.7      4.7      4.7     22.6

Index Cigarette
and Alcohol Tax
Rates for Inflation  0.2     0.5      0.7      1.0      1.2      3.6
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SOURCE:  Joint Committee on Taxation.

NOTE:  Estimates are net of reduced income and payroll tax revenues.

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