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Dole favors energy taxes to help trim US deficit

Senate Finance Committee chairman Robert Dole says he favors new energy taxes that could raise $20 billion to $25 billion over a three-year period to help reduce huge US budget deficits. The Kansas Republican, interviewed on television Sunday, said he would like to see the Reagan administration's 1984 budget proposal for a standby tax on oil broadened to include new taxes on electricity, natural gas, gasoline, and nuclear power.

Despite the Reagan proposal for new taxes in 1985 to decrease the deficit, administration officials have recently resisted any attempt at tax increases and have rejected Mr. Dole's proposal for a three-year, $150 billion deficit reduction package divided equally between spending cuts and tax hikes.

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