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Clinton's Energy Tax Proposal Penalizes Oil

US President Bill Clinton has proposed a broad-based energy tax program underwhich crude oil would be taxed at more than twice the rate applied to otherenergy sources. The tax proposal is part of the economic package announced bythe US President on 17 February to a joint session of Congress. The energy taxproposal, if approved by Congress, would be fully phased in over three yearsstarting 1 July 1994, and is...