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MIDDLE-INCOME TAX RELIEF, TAX EQUITY AND
FAIRNESS, ECONOMIC STIMULUS AND GROWTH

United States

HEARINGS

BEFORE THE

COMMITTEE ON WAYS AND MEANS
HOUSE OF REPRESENTATIVES

ONE HUNDRED SECOND CONGRESS

FIRST AND SECOND SESSIONS

59-691

DECEMBER 5, 6, 17, 18, 1991; AND FEBRUARY 4, 5, 6, 1992

PART 2 OF 2

FEBRUARY 4, 5, AND 6, 1992

Serial 102-101

Printed for the use of the Committee on Ways and Means

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON 1992

For sale by the U.S. Government Printing Office

Superintendent of Documents, Congressional Sales Office, Washington, DC 20402

ISBN 0-16-039383-3

крал W3

1991K Pt.2

COMMITTEE ON WAYS AND MEANS

DAN ROSTENKOWSKI, Illinois, Chairman

SAM M. GIBBONS, Florida
J.J. PICKLE, Texas

CHARLES B. RANGEL, New York
FORTNEY PETE STARK, California
ANDY JACOBS, JR., Indiana
HAROLD E. FORD, Tennessee
ED JENKINS, Georgia

THOMAS J. DOWNEY, New York
FRANK J. GUARINI, New Jersey
MARTY RUSSO, Illinois
DON J. PEASE, Ohio

ROBERT T. MATSUI, California
BERYL ANTHONY, JR., Arkansas
BYRON L. DORGAN, North Dakota
BARBARA B. KENNELLY, Connecticut
BRIAN J. DONNELLY, Massachusetts
WILLIAM J. COYNE, Pennsylvania
MICHAEL A. ANDREWS, Texas
SANDER M. LEVIN, Michigan
JIM MOODY, Wisconsin

BENJAMIN L. CARDIN, Maryland

JIM MCDERMOTT, Washington

BILL ARCHER, Texas

GUY VANDER JAGT, Michigan
PHILIP M. CRANE, Illinois

DICK SCHULZE, Pennsylvania
BILL GRADISON, Ohio

BILL THOMAS, California

RAYMOND J. MCGRATH, New York ROD CHANDLER, Washington

E. CLAY SHAW, JR., Florida

DON SUNDQUIST, Tennessee
NANCY L. JOHNSON, Connecticut
JIM BUNNING, Kentucky
FRED GRANDY, Iowa

ROBERT J. LEONARD, Chief Counsel and Staff Director PHILLIP D. MOSELEY, Minority Chief of Staff

(II)

93-116537

CONTENTS

U.S. Department of the Treasury, Hon. Nicholas F. Brady, Secretary

Office of Management and Budget, Hon. Richard G. Darman, Director

Council of Economic Advisers, Hon. Michael J. Boskin, Chairman.

Congressional Budget Office, Robert D. Reischauer, Director

Federal Reserve System, Hon. Alan Greenspan, Chairman, Board of Gover-

nors

Page

604

767

Ames, Eugene L., Jr., Venus Oil Co., San Antonio, Tex., and Independent
Petroleum Association of America.

1463

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Bonier, Hon. David E., a Representative in Congress from the State of Michi-
gan, and Majority Whip of the U.S. House of Representatives

571

......

Building Owners & Managers Association International, Thomas B. McChes-
ney..

1274

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Davis, Hon. Robert W., a Representative in Congress from the State of Michi-
gan

1047

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