To amend the Internal Revenue Code of 1986 to encourage the use of public transportation systems by allowing individuals a credit against income tax for expenses paid to commute to and from work or school using public transportation, and to reduce corporate welfare.

TABLE OF CONTENTS: Title I: Credit for Public Transportation Commuting Expenses Title II: Modification to Treatment of Foreign Oil and Gas Income Title III: Limitations on Payments Under Defense Contracts Title IV: Repeal of Certain Incentives for Oil and Gas Exploration and Development and for Mining Title V: Repeal of...