Description of Possible Options to Increase Revenues

$50 million alcohol fuels allocation allowed alternative minimum tax amount apply assets basis billions of dollars cafeteria plan capital cash cents per gallon Cons Arguments consolidated return corporate level costs crude oil debt deferred distribution earnings and profits economic employees employer-provided equity ESOP estate tax exceed excess excise tax exclusion from income exempt expenses Federal fees fuels taxes Gain of less gasoline group-term life insurance imposed income tax increase individual inside buildup insurance companies interest Internal Revenue Service investment itemized deductions Law Under present less than $50 LIFO limited partnerships loans losses motor fuels paid partners payments percent percentage petroleum Possible Proposals preferred stock premium proposal Pros Pros and Cons purchase reduce Repeal reserve Revenue Effect Fiscal rules subsidiary Superfund tax benefits tax liability tax purposes Tax Reform tax-exempt taxable income taxpayers tion transfers treated Trust Fund U.S. tax