Administration's Fiscal Year 1983 Economic Program: Hearings Before the Committee on Ways and Means, House of Representatives, Ninety-seventh Congress, Second Session ....U.S. Government Printing Office, 1982 |
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Page 10
... Federal deficit Discrepancy Total - 2.3 190.3 129.1 61.6 -0.4 190.3 Thus , in 1981 the federal deficit absorbed almost one - third of the pool of available savings . If we want to increase the share of GNP going to net private domestic ...
... Federal deficit Discrepancy Total - 2.3 190.3 129.1 61.6 -0.4 190.3 Thus , in 1981 the federal deficit absorbed almost one - third of the pool of available savings . If we want to increase the share of GNP going to net private domestic ...
Page 24
... federal tax systems in 1981-84 by more than we can afford . In addition , the indexation of the individual income tax which was incorporated in the law effective in 1985 was a major fiscal blunder . It will reduce federal receipts by ...
... federal tax systems in 1981-84 by more than we can afford . In addition , the indexation of the individual income tax which was incorporated in the law effective in 1985 was a major fiscal blunder . It will reduce federal receipts by ...
Page 93
... Federal Government imposes on the economy and its productivity . The administration confronted an economy in which the rate of increase in Federal expenditures and the rate of in- crease in Federal tax revenues were both accelerating ...
... Federal Government imposes on the economy and its productivity . The administration confronted an economy in which the rate of increase in Federal expenditures and the rate of in- crease in Federal tax revenues were both accelerating ...
Page 95
... Federal Government . The pur- pose of the incentives structured into fiscal policy is to influence private spending and investment behavior . But those incentives can only work if they remain intact . There is no point in enacting ...
... Federal Government . The pur- pose of the incentives structured into fiscal policy is to influence private spending and investment behavior . But those incentives can only work if they remain intact . There is no point in enacting ...
Page 96
... federal ex- penditures and the rate of increase in federal tax revenues were both expanding . At the same time , the rate of personal savings had declined to ominously low levels . The Administration responded forcefully and directly to ...
... federal ex- penditures and the rate of increase in federal tax revenues were both expanding . At the same time , the rate of personal savings had declined to ominously low levels . The Administration responded forcefully and directly to ...
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Expressions et termes fréquents
adjustment administration Administration's AFDC alternative minimum tax ANTHONY banks believe benefits billion BLUMENTHAL bonds budget deficits capital Chairman ROSTENKOWSKI changes Committee companies completed contract method Congress costs DAN ROSTENKOWSKI debt defense dollars DOWNEY effect eliminate enacted estimates exempt expenditures Federal Reserve Federal spending FELDSTEIN financing fiscal year 1983 FORECAST funds going high interest rates hospitals impact incentives income tax increase indexing individual individual retirement accounts industry inflation rate investment legislation long-term look Medicare ment monetary policy money supply nomic nominal GNP outlays percent period PICKLE President problem projected proposed question raise real growth receipts recession Recovery Tax Act reduce result revenue RIVLIN savings Secretary REGAN Secretary SCHWEIKER small business social security statement STOCKMAN substantial tax credit tax cut tax rates tax reductions tax-exempt taxpayers Thank things tion Treasury unemployment VOLCKER WALKER windfall profit tax
Fréquemment cités
Page 280 - ... on the 15th day of the 3rd month following the close of the tax year.
Page 542 - This option applies to all expenditures made by an operator for wages, fuel, repairs, hauling, supplies, etc., incident to and necessary for the drilling of wells and the preparation of wells for the production of oil or gas.
Page 639 - That doctrine recognizes the direct effect of a tax which "would operate on the power to borrow before it is exercised" (Pollock v. Farmers' Loan & T. Co. 157 US 429, 39 L. ed. 759, 15 S. Ct. 673, supra) and which would directly affect the government's obligation as a continuing security. Vital considerations are there involved respecting the permanent relations of the government to investors in its securities and its ability to maintain its credit...
Page 636 - It is true that the power of Congress to tax is a very extensive power. It is given in the Constitution, with only one exception and only two qualifications. Congress cannot tax exports, and it must impose direct taxes by the rule of apportionment, and indirect taxes by the rule of uniformity. Thus limited, and thus only, it reaches every subject, and may be exercised at discretion.
Page 586 - Service stated its position that the provisions of the law "have no application to interest paid on indebtedness represented by deposits in banks engaged in the general banking business since such indebtedness is not considered to be 'indebtedness incurred or continued to purchase or carry obligations « « «' within the meaning of section 265.
Page 639 - It has been sustained where, as in Collector v. Day, the function involved was one thought to be essential to the maintenance of a state government: as where the attempt was to tax income received from the investments of a municipal subdivision of a state, United States v.
Page 425 - We note that section 6673(a)(2), which was enacted as part of the Omnibus Budget Reconciliation Act of 1989, 103 Stat.
Page 654 - The primary goal of financial accounting is to provide useful information to management, shareholders, creditors, and others properly interested; the major responsibility of the accountant is to protect these parties from being misled. The primary goal of the income tax system, in contrast, is the equitable collection of revenue; the major responsibility of the Internal Revenue Service is to protect the public fisc.
Page 568 - ... includes some virgin materials shall not be treated as failing to meet the exclusive use requirements of subparagraph (A) if the amount of such virgin materials is 10 percent or less. (D) CERTAIN EQUIPMENT INCLUDED. — The term 'recycling equipment...
Page 639 - As repeatedly held, this did not extend the taxing power to new subjects, but merely removed the necessity which otherwise might exist for an apportionment among the States of taxes laid on income.