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Hillis urges tax breaks to ease federal regulation costs
Rep. Elwood M. Hillis of Kokomo tells the House Ways and Means Committee that U S industry bears heavy costs from pollution control and OSHA rules. His bill would allow immediate deductions for expenditures mandated by federal law, including state-required costs, if they do not boost output. He cites billions yearly spent on EPA and OSHA compliance and projects tax revenue losses starting at 1978, declining as changes occur.
MENTIONED IN THIS ARTICLE
Sandra Sugawara
Indiana News Service
Washington
Elwood M
Bud” Hillis
Kokomo
Congressional
Congress
Hillis
House
Ways and ‘Means
U.S