REV-39 IMPOSE EXCISE TAXES ON AIR POLLUTANTS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Stationary Sources
Impose a Tax of
$432 per Ton on SOx  4.4     6.4      6.4      6.4      6.4     30.0

Impose a Tax of
$1,170 per Ton on
 NOx                 7.0    10.1     10.1     10.1     10.1     47.4

Impose a Tax of
$3,610 per Ton on
Particulate Matter
 (PM-10)             7.3    10.6     10.6     10.6     10.6     49.7

Impose a Tax of
$5,000 per Ton on
 VOCs               30.5    44.3     44.3     44.3     44.3    207.7

Mobile Sources
Impose a One-Time
Emission Tax (Averaging
$250 per Vehicle) on
New Automobiles
and Light Trucks    1.8      2.7      2.8      2.9      2.9     13.1
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SOURCE:  Joint Committee on Taxation.

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

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