REV-31 ELIMINATE PRIVATE-PURPOSE, TAX-EXEMPT BONDS

                                Annual Added Revenues
                                (Billions of dollars)             Cumulative
Addition to          -----------------------------------------    Five-Year
CBO Baseline         1994     1995      1996     1997     1998     Addition
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Eliminate All Private-
Purpose, Tax-Exempt
Bonds                  0.2      0.6       1.1      1.5      1.9        5.3

Raise the Cap and Extend
Limits on Volume to New
Issues of All Private-
Purpose Bonds          0.1      0.2       0.4      0.6      0.8        2.1
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SOURCE:  Joint Committee on Taxation.

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