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“(F) $2,400,000 with respect to the fiscal year 1979;", and (3) in paragraph (3)

(A) by striking out "or" at the end of clause (D),

(B) by striking out the period at the end of clause (E) and inserting in lieu thereof "other than the fiscal year 1979, or", and

(C) by adding at the end thereof the following new subparagraph:

"(F) $3,300,000 with respect to the fiscal year 1979.". Approved November 6, 1978.

LEGISLATIVE HISTORY:

HOUSE REPORTS: No. 95-1445 (Comm. on Ways and Means) and No. 95-1800

(Comm. of Conference).

SENATE REPORT No. 95-1263 (Comm. on Finance).

CONGRESSIONAL RECORD, Vol. 124 (1978):

Aug. 10, considered and passed House.

Oct. 5-7, 9, 10, considered and passed Senate, amended.
Oct. 15, Senate and House agreed to conference report.

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ADDITIONAL, SUPPLEMENTAL, SEPARATE, AND DISSENTING VIEWS

[Together With Cost Estimate of the Congressional Budget Office]

ON

H.R. 13511

AUGUST 4, 1978.-Committeed to the Committee of the Whole House on the State of the Union and ordered to be printed

31-743 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1978

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38 41

5. Extension and simplification of the earned
income credit..

B. Itemized Deductions.

1. Repeal of deduction for nonbusiness
State-local gasoline and other motor
fuel taxes.

2. Revision of deduction for medical, dental,
etc. expenses.

3. Repeal of deduction for political contri-
butions..

C. Tax Treatment of Unemployment Compensation.

D. Deferred Compensation Plans..

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IV. Explanation of the Bill-Continued

F. Business Tax Reductions and Extensions.
1. Corporate rate reductions.

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79

79

2. Permanent increase and revisions in in-
vestment tax credit..

82

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5. Accounting for costs of growing crops..

115

H. Capital Gains Provisions.

1. Reduction in maximum capital gains tax

118

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6. Capital gains study

140

V. Effect of the Bill on the Budget and Vote of the Committee

in Reporting the Bill...

141

A. Budget Effects of the Bill
B. Vote of the Committee_.

141

141

VI. Other Matters to be Discussed Under House Rules__
VII. Changes in Existing Law of the Bill, as Reported...

142

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