REV-02 AMEND OR REPEAL THE INDEXING OF INCOME TAX SCHEDULES

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Suspend Indexing for
1994 (Except for
earned income
credit)              5.3      7.8      7.1      8.7      8.5     37.5

Repeal Indexing
(Except for earned
income credit)       5.3     13.5     21.3     31.0     41.0    112.1
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SOURCE:  Joint Committee on Taxation.

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