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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.

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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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