PRESIDENT CUNTON'S PROPOSALS FOR PUBUC INVESTMENT AND DEHCIT REDUCTION Y 4. W 36; 103-26 President Clioton's Proposals for P... HEARINGS BEFORE THE COMMITTEE ON WAYS AND MEANS HOUSE OF REPRESENTATIVES ONE HUNDRED THIRD CONGRESS FIRST SESSION MARCH 9, 10, 16, 17, 23, 31; AND APRIL 1, 1993 PART 1 OF 2 MARCH 9, 10, 16, AND 17, 1993 Serial 103-26 Printed for the use of the Committee on Ways and Means mt '^OrhfrJ^i^ PRESIDENT CUNTON'S PR0P0SAI5 FOR PUBUC INVESTMENT AND DEHCIT REDUCTION HEARINGS BEFORE THE COMMITTEE ON WAYS AND MEANS HOUSE OF REPRESENTATIVES ONE HUNDRED THIRD CONGRESS FIRST SESSION MARCH 9, 10, 16, 17, 23, 31; AND APRIL 1, 1993 PART OF 1 2 MARCH AND 9, 10, 16, 17, 1993 Serial 103-26 Printed for the use of the Committee on Ways and Means U.S. GOVERNMENT PRINTING OFFICE 68-793 WASHINGTON : 1993 ForsalebytheU.S.GovernmentPrintingOffice SuperintendentofDocuments.CongressionalSalesOffice,Washington.DC 20402 ISBN 0-16-041664-7 COMMITTEE ON WAYS AND MEANS DAN ROSTENKOWSKI, Illinois, Chairman SAM M. GIBBONS, Florida BILL ARCHER, Texas JJ. PICKLE, Texas PHILIPM. CRANE, Illinois CHARLES B. RANGEL, New York BILL THOMAS, California FORTNEY PETE STARK, California E. CLAY SHAW, JR., Florida ANDYJACOBS, JR., Indiana DON SUNDQUIST, Tennessee HAROLD E. FORD, Tennessee NANCY L. JOHNSON, Connecticut ROBERTT. MATSUI, California JIM BUNNING, Kentucky BARBARA B. KENNELLY, Connecticut FRED GRANDY, Iowa WILLIAM J. COYNE, Pennsylvania AMO HOUGHTON, New York MICHAEL A. ANDREWS, Texas WALLY HERGER, California SANDER M. LEVIN, Michigan JIM McCRERY, Louisiana BENJAMIN L. CARDIN, Maryland MEL HANCOCK, Missouri JIM MCDERMOTT, Washington RICK SANTORUM, Pennsylvania GERALD D. KLECZKA, Wisconsin DAVE CAMP, Michigan JOHN LEWIS, Geoi^a L.F. PAYNE, ViiTginia RICHARD E. NEAL, MassachusetU PETER HOAGLAND, Nebraska MICHAEL R. MCNULTY, New York MIKE KOPETSKI. Oregon WILLIAM J. JEFFERSON, Louisiana BILL K. BREWSTER. Oklahoma MEL REYNOLDS, Illinois Janice Mays, ChiefCounsel and StaffDirector Charles M. Brain, Assistant StaffDirector Philup D. MOSELEY, Minority ChiefofStaff (II) CONTENTS Page Part 1 (March9, 10, 16, and 17, 1993) 1 Part 2 (March23, 31; andAprU 1, 1993) 661 Press releases of Friday, February 26, 1993, and Friday, March 12, 1993, einnouncingthe hearings 2 WITNESSES Office ofManagement and Budget, Hon. LeonE. Panetta, Director 9 Council ofEconomic Advisers, Hon. Laura D'AndreaTyson, Chair 69 U.S. Departmentofthe Treasury, Hon. Lloyd Bentsen, Secretary 124 U.S. Department of Health and Human Services, Hon. Donna E. Shalala, Secretary 221 CongressionalBudget Office, Robert D. Reischauer, Ph.D., Director 314 Acevedo, Hon. Hector Luis, Mayor, City ofSanJuan, PR 1249 AirProducts & Chemicals, Inc., DexterF. Baker 1419 Alderson, (ierald, Business Council for a Sustainable Energy Future, and Kenetech Corp 784 All PacificMortgage Co., Concord, Calif., Herbert B. Tasker 891 AmericanAutomotive LeasingAssociation, JamesS. Frank 1218 American BarAssociation, Section ofTaxation,Albert C. O'Neill, Jr 512 American Council for Capital Formation, Mark Bloomfield 378 American ElectronicsAssociation, Robert DeHaven I486 American Gas Association, RichardE. Terry '.. 735 American Great Lakes Ports, Anne D. Aylward, Davis Helberg, and John J. Terpstra 625 American Hotel & Motel Association, Darryl Hartley-Leonard 999 American Institute ofCertifiedPublicAccountants, LeonardPodolin 519 American Legion, James B. Hubbard 1116 American Petroleum Institute, Victor G. Beghini 748 American Public PowerAssociation, Paul R. Fry 700 American Public TransitAssociation, Robert Belcaster 1135 American TruckingAssociations, ThomasJ. Donohue 392 American Waterways Operators, JosephA. Farrell 619 Ames, Eugene L., Jr., Independent Petroleum Association of America, and Venus Oil Co 775 Appreciated Property Working Group, Rear Adm. David M. Cooney, USN (Ret.) 1074 Association ofPostconsumerPlastics Recycler, Dennis M. Sabourin 809 Atkins, Elrod & Co., Orlando, Fla., Robert Elrod 951 Aylward, Anne D., Massachusetts Port Authority, American Great Lakes Ports ofTacoma andSeattle 625 Baker, Dexter F., Committee on Royalty Taxation, and Air Products & Chemicals, Inc 1419 Beghini, Victor G., American Petroleum Institute, andMarathon Oil Co 748 Belcaster, Robert, American Public Transit Association and Chicago Transit Authority II35 Berman, Chip, National RestaurantAssociation and Outta the Way Cafe 1009 Bemal, His Excellency Richard L., AmbassadorofJamaica, CBI Ambassadors Group 1303 (III) IV Page Borg-WamerSecurityCorp., Donald C. Trauscht 1124 Boyle, R. Emmett, Ormet Corp 1195 Bloomfield, Mark,American Council forCapital Formation 378 Brandt, Helmut, LuntManufacturingCo., Inc 1155 Bretz, ThomasR., Royalty Coalition, andPriceWaterhouse 1408 Bucks, DanR., Multistate Tax Commission 1466 Bumham, Duane L. (See Emergency Committee forAmericanTrade.) Business Council foraSustainable EnergyFuture, GeraldAlderson 784 Campbell, Nancy DulT, NationalWomen's Law Center 1095 Caribbean/LatinAmericanAction, PeterB. Johnson 1379 Carrion, Arturo, Puerto Rico Private Sector 936 Coalition, and Puerto Rico BankersAssociation 1267 CBI Ambassadors Group, His Excellency Richard L. Bemal, Ambassador ofJamaica 1303 Chapler, TedR., IowaFinanceAuthority 1163 Chemical ManufacturersAssociation,J. RogerHirl 599 ChicagoTransitAuthority, Robert Belcaster 1135 Collie, H. Chris, Employee Relocation Council 1062 Colorado, Hon. AntonioJ., formerResident ConunissionerofPuerto Rico 1259 Committee onRoyaltyTaxation, DexterF. Baker 1419 Computer and Business Equipment Manufacturers Association, Oliver R. Smoot 1477 Cook, HarryN., National Waterways Conference, Inc 633 Cooney, Rear Adm. David M., USN (Ret.), Appreciated Property Working Group, and CJoodwill Industries ofAmerica, Inc 1074 Corrada Del Rio, Hon. Baltasar, Secretary ofState from the Commonwealth ofPuerto Rico 480 Correll, Donald L., National Association of Water Companies, and United WaterResources 1223 Council on Research andTechnology (CORETECH), RobertZ. Lawrence .!!!...". 1535 Dahlka,EdwardA.,Jr., Equipment LeasingAssociation ofAmerica 609 Deferral Preservation Coalition, Paul Oosterhuis 1433 deFerrer, MiriamJ. Ramirez, M.D., PuertoRicans in CivicAction 1337 DeHaven, Robert, American Electronics Association, and Quality Systems Inc 1486 Donahue, ThomasJ., American TruckingAssociations 392 Dwars, Peter R., National Council of State Housing Agencies, and Illinois HousingDevelopmentAuthority 912 Edison Electric Institute, EdwardF. Mitchell 652 Electronic Industries Association, William A. Warren 1490 Elena, LuisP. Costas, Puerto Ricans in CivicAction 1337 Elrod, Robert, National Association of Home Builders, and Atkins, Elrod & Co 951 Emergency Committee for American Trade, Robert L. McNeill on behalf of Duane L. Bumham 1505 Employee Relocation Council, H. Chris Collie 1062 Enterprise Foundation, F. Barton Harvey III 844 Environmental andEnergyStudy Institute, Dawn Erlandson 1086 Equipment LeasingAssociation ofAmerica, EdwardA. Dahlka,Jr 609 Erlandson, Dawn, Friends of the Earth, and Environmental and Energy Study Institute '. 1086 FairHousingImplementation Office, Yonkers, N.Y., Karen V. Hill 833 Farmer, F. CKiott, UnitedStates Council for International Business 1516 Farrell,Joseph A.,American Waterways Operators 619 Feldstein, Hon. Martin, Harvard University, and former Chairman, Council ofEconomicAdvisers 361 FoodMarketing Institute, HarrySullivan 972 Foster, J.D., Tax Foundation 1524 Frank, James S., American Automotive Leasing Association, and Wheels, Inc 1218 Friedman, Eisenstein, Raemcr & Schwartz, Mark Mann 1150 Friends oftheEarth, Dawn Erlandson 1086 Fry, Paul R., American Public PowerAssociation 700 Gackenbach,Julie Leigh, U.S. ChamberofCommerce 573 CJeneral Aviation Manufacturers Association, Edward W. Stimpson 1144 Gladstone, David, National Association ofBusiness Development Companies .. 409 Glunt, Roger, National Association of Home Builders, and Glunt Building Co.. Inc 939 V Page Goodwill Industries ofAmerica, Inc., RearAdm. David M. Cooney(Ret.) 1074 Gordon, Arthur I., New York StateSocietyofCertified PublicAccountants 534 Grogan, Paul S., Local Initiatives Suppwrt Corp 863 Hackard, Michael A., National Realty Committee, and Hackard & Taylor 938 Hall, Paulette, Maryland Department ofEconomic and Employment Develop- ment 1129 Hartley-Leonard, Darryl, American Hotel & Motel Association; Hyatt Hotels Corp.; U.S. Travel & Tourism Board; and Travel & Tourism Government Affairs Council 999 Harvey, F. Barton, III, Enterprise Foundation 844 Hauptfuhrer, Robert P., Natural Gas Supply Association, and Oryx Energy Co 790 Helberg, Davis, Seaway Port Authority ofDuluth, Minn., Massachusetts Port Authority, American Great Lakes Ports, and Ports ofTacoma and Seattle ... 625 Hewlett-Packard Co., Palo Alto, Calif.,John Youne 1459 Hill, Karen V., National Low Income Housing Coalition, and Fair Housing Implementation Office 833 Hirl, J. Roger, Chemical Manufacturers Association and Occidental Chemical Corp., Dallas, Tex 599 Holder, Richard G., U.S. AluminumAssociation, and Reynolds Metals Co 1174 Hotel Employees and Restaurant Employees International Union, AFL-CIO, Robert E. Juliano 1039 Huard, Paul R., National Association ofManufacturers 587 Hubbard, James B., American I^egion 1116 Hurley, GerardF., National Club Association 1055 Hyatt Hotels Corp., Darryl Hartley-Leonard 999 Illinois Housing DevelopmentAuthority, PeterR. Dwars 912 IndependentPetroleum Association ofAmerica, Eugene L. Ames, Jr 775 Intercontinental Energy Corp., Boston, Mass., Ellen S. Roy 800 Iowa Finance Authority, Ted R. Chapler 1163 Iowa Utilities Board, Hon. DennisJ. Nagel 687 Jackson, Carlos, Los Angeles County Community Development Commission ... 826 Jamaica, Government o^His Excellency Richard L. Bernal, Ambassador 1303 JamesMcGraw, Inc., George W. Sydnor,Jr 962 Job Opportunities BusinessSymposium, Donald C. Trauscht 1124 Johnson, PeterB., Caribbean/Latin American Action 1379 Juliano, Robert E., Hotel Employees and Restaurant Employees Inter- national, AFI^CIO 1039 Kanner, Marty, PublicPower Council 665 Keating, David, National Taxpayers Union 444 Kenetech Corp., San Francisco, Calif., GeraldAlderson 784 King, Aubrey, Travel andTourism GovernmentAffairs Council 450 Lashof, Daniel A., Natural Resources Defense Council 814 Lawrence, RobertZ., Council on Research andTechnology (CORETECH) 1535 League ofAmerican Producers, George A. Wachtel 1029 Lebron, Daniel, Puerto Rico Private Sector 936 Coalition, and Puerto Rico ManufacturersAssociation 1269 LefTler, Marvin, National Council ofSalesmen's Organizations 1023 Leonard, Richard W., Oil, Chemical andAtomic Workers International Union, AFUCIO 1355 Local Initiatives Support Corp., Paul S. Grogan 863 Los Angeles County Community Development Commission, CarlosJackson .... 826 Losey, Michael R., Section 127 Coalition, and Society for Human Resource Management 1078 Lucas, J. Stephen, National Grain and Feed Association, and Louis Dreyfus Corp., Wilton, CT 625 Lunt Manufacturing Co., Inc., Helmut Brandt 1155 Mann, Mark, Friedman, Eisenstein, Raemer & Schwartz 1150 Marathon Oil Co., Victor G. Bcghini 748 Marriott Corp., Frank Ncrney 1120 Maryland Community Development Administration, Trudy P. McFall 899 Maryland Department of Economic and Employment Development, Paulette Hall 1129 Massachusetts Port Authority, Anne D. Aylward, Davis Helberg, and John J. Terpstra 625 McCarthy, Hon. Karen, National Conference ofState Legislatures, and Chair, House Ways andMeans Conimittee, Missouri House ofRepresentatives 1241 VI Page McFall, Trudy P., National Council ofState HousingAgencies, and Maryland Community DevelopmentAdministration 899 McNeill, Robert L., Emergency Committee for American Trade (on behalf ofDuane L. Bumham) 1505 McSteen, Martha A., National Committee to Preserve Social Security and Medicare 458 Missouri House ofRepresentatives, Hon. Karen McCarthy, Chair, Committee on Ways andMeans 1241 Mitchell, Edward F., Edison Electric Institute, and Potomac Electric Power Co 652 Motley,JohnJ., Ill, National Federation ofIndependent Business 401 Mortgage BankersAssociation ofAmerica, Herbert B. Tasker 891 Multistate Tax Commission, Dan R. Bucks 1466 Munoz, Eric, NationalPuerto Rican Coalition, Inc 1349 Murphy, MichaelJ., TaxExecutives Institute, Inc 547 Nagel, Hon. Dennis J., National Association of Regulatory Utility Conmiis- sioners, and Iowa Utilities Board 687 National AssistedHousingManagementAssociation, CharlesS. Wilkins,Jr ... 857 National Association ofBusinessDevelopment Companies, David Gladstone ... 409 National Association ofHome Builders, Roger Glunt 939 National Association ofManufacturers, Paul R. Huard 587 National Association ofRealtors, RobertElrod 951 National Association of Regulatory Utility Commissioners, Hon. Dennis J. Nagel 687 National Association ofWaterCompanies, Donald L. Correll 1223 National Association ofWholesaler-Distributors, George W. Sydnor,Jr 962 National ClubAssociation, GerardF. Hurley 1055 National Committee to Preserve Social Security and Medicare, Martha A. McSteen 458 National Conference ofState Legislatures, Hon. Karen McCarthy 1241 National Corporation forHousingPartnerships, CharlesS. Wilkins, Jr 857 National CouncilofSalesmen's Organizations, Inc., Marvin Leffler 1023 National CouncilofState HousingAgencies: Trudy P. McFall 899 PeterR. Dwars 912 National Employment Opportunities Network, Frank Nemey 1120 National Federation ofIndependent Business, John J. Motley III 401 National Foreign Trade Council, Inc.,John E. Pepper 1395 National Grain andFeedAssociation, J. Stephen Lucas 642 National IndependentEnergyProducers, Ellen S. Roy 800 National Low Income Housing Coalition, Karen V. Hill 833 National Puerto Rican Coalition, Inc., Eric Munoz 1349 National Realty Committee: Steven A. Wechsler 927 Michael A. Hackard 938 National RestaurantAssociation, Chip Berman 1009 National Taxpayers Union, DavidKeating 444 National Waterways Conference, Inc., Hairy N. Cook 633 National Women's Law Center, Nancy Dufi Campbell 1095 Natural GasSupply Association, RobertP. Hauptfuhrer 790 Natural Resources Defense Council, Daniel A. Lashof 814 Navajo Nation, Peterson Zah 433 Nerney, Frank, National Employment Opportunities Network, and Marriott Corp 1120 New York State Society ofCertified PublicAccountants, Arthur I. Gordon 534 Nordberg, Carl A., Jr., Puerto Rico, U.S.A. Foundation 1291 NorthwestAluminum Co., Brett Wilcox , 1188 Norton, Hon. Eleanor Holmes, a Delegate to Congress from the District of Columbia 465 Occidental Chemical Corp., Dallas Tex., J. RogerHirl 599 Oil, Chemcial and Atomic Workers International Union, AFL-CIO, Richard W. Leonard 1355 O'Neill, Albert C,Jr., American BarAssociation, Section ofTaxation 512 Oosterhuis, Paul, Deferral Preservation Coalition 1433 Ormet Corp., R. Emmett Boyle 1195 Oryx Energy Co., Dallas, Tex., Robert P. Hauptfuhrer 790 Outta the Way Cafe, Ohio Berman 1009 People's Energy Corp., Chicago, 111., Richard E. Terry 735 VII Page Pepper, John E., National Foreign Trade Council, Inc., and Procter & Gamble Co 1395 Petroleum MarketersAssociation ofAmerica, Douglas Woosnam !!!!!!!!!! 767 PPPooordrottlsoinfo,fTaLTceaoocmnaoar,mda,WaAasmnhed.r,iSJceoaathntnlIeJn,.stTAientrunpteestorDfa.CeArytliwfiaerdd,PubDlaivcisAccHeoiubnetragn,tsar.i.d John' 652159 J. Terpstra g2K Potomac Electric PowerCo., Edward F. liiitcheii "!!.!...!!."."!....."..!!! 652 Price Waterhouse, Thomas R. Bretz ."!..."!.."!.. 1408 PPrrioncctieprat&o,GAanmtbhloenCyo.J,.,JToahmnbrE.anPdesppIenrc ..."!."""!!"!!^!^!!"!"'"""". 11349450 PublicPower Council, Marty Kanner ."!.."!!!.."" 665 ^^'1? Ricans in Civic Action, Miriam J. Ramirez de FereriM.D!"and Luis P. Costas Elena 1337 Puerto Rico, Commonwealth of, Hon. Baitasar Corrada Del Rio Secretary ofState "^ ^Q Puerto Rico Bankers Association, Arturo Carrion ."!.."!...".!..!!!!!!!.!!!.!!. 1267 Puerto Rico ManufacturersAssociation, Daniel Lebron 1267 Puerto RicoPrivate Sector936 Coalition, Daniel Lebron andArturo CaTridn 1267 Puerto Rico, U.S.A. Foundation, Carl A. Nordberg, Jr 1291 QualitySystems Inc., Robert DeHaven !."."!!."!!!!! I486 RRaeiylnrooladdsCMoemtmailsssCioo.,nRoifcTheaxrads,G.HoHno.ldBearrryA. Williamson ... !!!!.".'.'!!!." 1617764 Romero-Barcelo, Hon. Carlos A., Resident Commissioner in Congress from the Commonwealth ofPuerto Rico 47q Rowell-Williams, Mollene, Taco Bell Corp ...!»"""!!!!..!!!!!."!!!"!!!!!!!!!!!!!!!!!. 1112 Roy, Ellen S., National Independent Energy Producers, and inter<»ntinentai Energy Corp qqq Royalty Coalition, Thomas R. Bretz \'"''] 1408 Sabourin, Dennis M., Wellman, Inc., andAssociation orPostconsunierPVMtics Recycler g^g SSaanntiJnui,anJaPm.Re.s, CD.i,tyTroaf,veHlona.ndHeTcotuorrisLumisGoAvceervendmoe,ntMaAyffoarir.s.!.C!o!.u!!n..c.!i.l..!...!!.!!..!!..!!. 1425409 SeawayPortAuthorityofDuluth, Minn., Davis Helberg 625 Section 127 Coalition, Michael R. Losey "'"!""""""". 1078 Sinkler, Inc., South Hampton, Pa., DouglasWoosnam 767 Smoot, OliverR., Computer and Business Equipment Manufacturers Associa- tion 1477 Society forHuman Resource Management, Michael R. Losey 1078 Stimpson, Edward W., General Aviation Manufacturers Association 1144 Sullivan, Hany, Tax ReformAction Coalition, and Food Marketing Institute 972 Sydnor, George W., Jr., National Association ofWholesaler-Distributors, and James McGraw, Inc 9g2 Taco Bell Corp., Mollene Rowell-Williams ..»!!.."!!."!!!."!...."!.."!..!!."!!!!!!!!!!.!!!.."!."!!."!. 1112 Tambrands, Inc., AnthonyJ. Principato 1440 TaMskoerrt,gaHgeerbCeort J., Mortgage Bankers Association ofAmerica'and All Pac^^^^^ 89^ Tax Executives Institute, Inc., Michael J. Murphy 547 TTaaxx RFoeufnodramtiAocnt,ioJn.DC.oaFloisttioenr, HanySullivan "..""!!.!!!!!!..!!!!!!.."!."!!.!"!!.!...""...""!!!.". 1957224 Terpstra, John J., Port of Tacoma, Wash., Massachusetts Port Authority Amencan Great Lakes Ports, and Ports ofTacoma and Seattle '. 625 Terry, RichardE., American GasAssociation, and Peoples Energy Corp 735 Theater andPerformingArts Coalition, GeorgeA. Wachtel 1029 Trauscht, Donald C, Job Opportunities Business Symposium and Borg-War- nerCorp ° ^124 Travel & Tourism GovernmentAffairs Council: James D. Santini andAubrey King 45O TRWDarryl Hartley-Leonard ""..." 999 Inc., Cleveland, Ohio, William A. Warren 1490 Tucker, Mitchell D., United Rubber, Cork, Linoleum & PJastic Workersof Amenca International Union 1367 United Rubber, Cork, Linoleum & Plastic Workers of America internationai Union, AFl^-CIO, Mitchell D. Tucker 1367 UnitedStates Council for International Business, F. Scott Farmer 1516 UnitedWaterResources, Donald L. Correll 1223 U.S. AluminumAssociation, Richard G. Holder ......"!.."!..!.."]!."!!.".". 1174 U.S. ChamberofCommerce,Julie Leigh Gackenbach !!!!!!!!!!!!!!!!!!!!."!!,!!! 573 VIII Page U.S. Council forInternational Business, F. ScottFanner 1516 U.S. Travel & TourismAdvisory Board, Darryl Hartley-Leonard 999 Velazquez, Hon. Nydia M., a Representative in Congress from the State ofNewYork 1238 Venus Oil Co., Eugene L. Ames,Jr 775 Warren, WilliamA., Electronic Industries Association, andTRW, Inc 1490 Watchel, George A., Theater and Performing Arts Coalition, and League ofAmerican Theaters andProducers 1029 Wechsler, StevenA., National Realty Committee 927 WeUman, Inc., Shrewsbury, NJ., Dennis M. Sabourin 809 Wheels, Inc.,JamesS. Frank 1218 Wilcox, Brett, NorthwestAluminum Co 1188 Wilkins, Charles S., Jr., National Assisted Housing ManagementAssociation, andNational Corporation forHousingPartnerships 857 Williamson, Hon. BarryA., RailroadCommission ofTexas 676 Woosnam, Douglas, Petroleum Marketers Association of America, and Sinkler, Inc 767 Young, John, Hewlett-Packard Co 1459 Zah, Peterson, Navajo Nation 433 SUBMISSIONS FOR THE RECORD Acme Boot Co., Inc., statement 1546 Agnew, Timothy P., Finance Authority ofMaine, and Council ofDevelopment FinanceAgencies, Washington, D.C.,joint statementand attachment 1619 American Bankers Association, Henry Kuempler, letter 1548 American BoilerManufacturersAssociation, statement 1550 American College ofRheumatology, statement 1551 American Horse Council, statement and attachment 1555 American Methanol Institute, RaymondA. Lewis, statement 1564 American Movers Conference, and Household Goods Carriers' Bureau, Joseph M. Harrison and Ann Wilson,joint statement 1566 American Society ofPension Actuaries, statement 1568 American Wind EnergyAssociation, Michael L. Marvin, statement 1570 AssociationofLocal HousingFinanceAgencies, statement 1573 Bennett, Mary C, Continental European Insurance Coalition, letter 1598 Bergland, Bob, National Rural Electric Cooperative Association, statement 1755 Blocn, ThomasM., H&R Block, Inc., statement and attachments 1635 Center for the Study of Economics, Columbia, Md., Steven Cord, letter and attachments 1578 Chicago(111.) Convention & Tourism Bureau, GeraldJ. Roper, statement 1582 Citizens for an Alternative Tax System, Glendale, CaliL, Steven L. Hayes, statement 1584 Coalition to Preserve the Low Income Housing Tax Credit, and National Leased HousingAssociation,joint statement and attachments 1733 Coffey, Matthew B., National Tooling & MachiningAssociation, statement 1759 College and University Personnel Association, statement 1593 Computer Leasing & Remarketing Association, William H. Sells III, letter and attachments 1595 Continental European Insurance Coalition, Leonard B. Terr, Philip D. Morri- son, and Mary C. Bennett, letter 1598 Cord, Steven, Center for the Study of Economics, Columbia, Md., letter and attachments 1578 Council forRural Housing and Development, statement 1602 Council of Development Finance Agencies, and Finance Authority of Maine, Timothy P. Agnew,joint statement and attachment 1619 Du Pont Co.; Eastman Kodak Co.; Emerson Electric Co.; Genentech, Inc.; General Electric Co.; General Mills, Inc.; General Motors Corp.; Hallmark Cards, Inc.; Honeywell, Inc.; IBM Corp.; Merck & Co., Inc.; 3M Co.; PepsiCo, Inc.; Philip Morris Cos., Inc.; Pillsbury Co.; Procter &. Gamble Co.; Quaker Oats Co; Sara Lee Corp.; Westinghouse Electric Corp., joint statement 1607 Dyer, Herbert L., StateTeachers RetirementSystem ofOhio, letter 1779 Eastman Kodak Co. (See listing forDu Pont Co.) Emerson Electric Co. (See listing forDu Pont Co.) European-American Chamber oT Commerce in Washington, D.C., Inc., state- ment 1611