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Show HATCH SUPPORTS PRIVATE GAS TAX EXEMPTION Senator Orrin G. Hatch (R-Utah) has added his support sup-port to a growing list of co-sponsors co-sponsors apposed to the repeal of itemized income tax deductions for" state and local non-business gasoline and motor fuel taxes. In a Senate floor speech Hatch said, "Present law allows individuals who item - ized to deduct state and local excise taxes imposed on gasoline, diesel, and other motor fuels if the fuels are not used for business purposes. pur-poses. If the Senate agrees to repeal this deduction, the middle income taxpayer will suffer the most from the-added the-added tax burden. At a time, "said Hatch, "when the government is promisingtax relief,. this repeal is an obvious ob-vious 'backdoor' approach which imposes a new tax on a large, segment of our citizens. Over 70 percent of the revenue that will be raised from this repeal will come from taxpayers in the middle income brackets." |