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Oil Taxes Settled and Aid Debate Holds Upset
Washington conferees cleared a path for final action on the windfall profits tax on oil while weighing a parallel plan for an individual income tax cut. A separate California case saw a judge rule dead bodies count as cargo in a carpool lane. The deal would phase out the tax starting 1988 with a 3 percent annual drop, tied to oil prices.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Conference Committee
San Rafael
Calif
Eugene Bedell
California
J. J. Lee
Bedell
Robert A. Smallman
William Roth
U.S