REV-38 IMPOSE EXCISE TAXES ON WATER POLLUTANTS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Tax on Biological
Oxygen Demand       1.2      1.8      1.8      1.8      1.8      8.5

Tax on Toxic
Water Pollutants    1.0      1.5      1.5      1.5      1.5      7.0
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SOURCE:  Joint Committee on Taxation.

NOTE:  Estimates are net of reduced income and payroll taxes.

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