TAX REFORM PROPOSALS-XXIV

HEARING

BEFORE THE

COMMITTEE ON FINANCE

UNITED STATES SENATE

NINETY-NINTH CONGRESS

FIRST SESSION

OCTOBER 3, 1985

(Our Nation's Regulated Industries as Well as U.S. Possessions
and Territories)

55-630 O

Printed for the use of the Committee on Finance

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON 1986

For sale by the Superintendent of Documents, Congressional Sales Office

U.S. Government Printing Office, Washington, DC 20402

Colon, Hon. Rafael Hernandez, Governor, Commonwealth of Puerto Rico........

de Lugo, Hon. Ron, Delegate, Territory of the Virgin Islands.

49

37

Doerr, Howard P., executive vice president and chief financial officer, U.S.

West Corp

230

Edison Electric Institute, Al Noftz.

266

Environmental Action, Richard E. Morgan, staff economist..

255

Foley, Michael D., director of financial analysis, National Association of Regu-

latory Utility Commissioners....

239

Fuster, Hon. Jaime B., Resident Commissioner, Commonwealth of Puerto Rico

Hernandez-Agosto, Hon. Miguel, President, Senate of Puerto Rico....

Lawrence, George H., president, American Gas Association

Luis, Hon. Jaun, Governor, Territory of the Virgin Islands

Morgan, Richard E., staff economist, Environmental Action..

19

126

195

65

255

National Association of Regulatory Utility Commissioners, Michael D. Foley,

director of financial analysis

239

Noftz, Al, director of taxes, Commonwealth Edison on behalf of the Edison

Electric Institute

266

Nordberg, Carl A., Jr., Executive Director, Puerto Rico U.S.A. Foundation

Puerto Rico U.S.A. Foundation, Carl A. Nordberg Jr., executive director.

Santos, Dave, Director of Revenue and Taxation on behalf of Hon. Ricardo J.

Bordallo, Governor, Territory of Guam.

177

177

146

Smith, Raymond W., vice chairman and chief financial officer, Bell Atlantic

on behalf of the U.S. Telephone Association

212

Sunia, Hon. Fofo I. F., Delegate, Territory of American Samoa

United States Telephone Association, Raymond W. Smith.

U.S. West Corp., Howard P. Doerr, executive director.....

2

212

230