Economic Outlook at Mid-summer: Hearings Before the Committee on the Budget, House of Representatives, Ninety-fifth Congress, Second SessionU.S. Government Printing Office, 1978 - 294 páginas |
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Palavras e frases frequentes
$20 billion acceleration administration AFL-CIO agencies BLUMENTHAL BOLLING BOSWORTH Budget Committee Budget Resolution capital gains tax CETA CHAIRMAN changes CONABLE Concurrent Resolution Congress Consumer Price Consumer Price Index cost countercyclical deal DERRICK dollar economic growth effect estimates Federal Reserve fiscal policy fiscal year 1979 food prices forecast going higher housing impact incentives income tax indexing inflationary interest rates investment Jack Carlson January Joint Economic Committee Kemp-Roth kind labor Laffer curve LATTA look MATTOX MCINTYRE ment MILLER MINETA minimum wage monetary policy OSWALD outlays outlook percent period President price increases problem productivity proposal question rate of inflation recession recommendations reduce REGULA revenues rise RIVLIN ROUSSELOT SCHULTZE Second Concurrent sector shortfall social security spending statement stimulate substantial talking tax cut tax reduction tax relief testimony Thank things tion trying unem unemployment rate wage and price
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Página 251 - ... total new budget authority, the estimated revenues to be received, and the estimated surplus or deficit, if any, for each fiscal year in such period, and the estimated levels of tax expenditures (the tax expenditures budget) by major functional categories...
Página 102 - So our forecast for the change in national output during 1963 — from the fourth quarter of 1962 to the fourth quarter of 1963...
Página 247 - ...principal reliance for economic growth on the private sector." The National Chamber agrees with Chairman Mahon's observation and laments the fact that neither the Administration nor the Congress followed his advice. Since February when Chairman Mahon issued these words, both the President and the Congress have proposed higher spending, less tax relief and thus higher taxes, and therefore less reliance on the private sector...
Página 31 - ... intermediate companies. However, our own check on prices at present indicates that the difficulty is not due to the larger corporations. Those companies that pledged earlier this year to comply with the program have tried to go along with it. Thank you. Senator BENTSEN. Thank you very much, Mr. Bosworth. [The prepared statement of Mr. Bosworth follows:] PREPARED STATEMENT OF BARRY P. BOSWORTH Mr. Chairman and members of the committee, I am glad to discuss with you the broad policies that the...
Página 173 - What have your Federal tax dollars been doing lately? Just take a look. In Chicago, they paid a young man $750 a month to teach inner-city youth how to slap various parts of their bodies rhythmically and become "human drums.
Página 134 - ... per cent that has been characteristic of past periods of prosperity and low unemployment. In my opinion, the nation must set an ambitious goal of, say, 12 per cent of GNP for an extended period — a level that would support increased growth and productivity. . . STRUCTURAL REFORMS ARE ALSO NECESSARY Establishment of a high-growth, low-inflation economy would be facilitated by extensive reform of costly governmental regulations. Regulatory activities in the health, safety and environmental protection...
Página 184 - ... from any point of view, and I represent a fairly substantial agricultural area, I would certainly support the recommendations of the Clark Board on this point. I think it would be most dangerous if we were to fail to recognize the particular need of agriculture. Mr.