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 9
... rate will come down markedly . The issue is whether the inflation rate can decline even that much while nominal GNP rises so much , or whether real GNP can rise so much if nominal GNP is held down enough to enforce a marked slowdown of ...
... rate will come down markedly . The issue is whether the inflation rate can decline even that much while nominal GNP rises so much , or whether real GNP can rise so much if nominal GNP is held down enough to enforce a marked slowdown of ...
Page 11
... rates . Interest rates are sky - high and are the immediate cause of our depressed level of business activity . Real interest rates , the 15 percent you earn on long or short bonds corrected for a 7 or 8 percent rate of price inflation ...
... rates . Interest rates are sky - high and are the immediate cause of our depressed level of business activity . Real interest rates , the 15 percent you earn on long or short bonds corrected for a 7 or 8 percent rate of price inflation ...
Page 27
... rate , therefore , will be even higher in the future . I think the key to bringing down the high , long - term interest rates is to reduce the fear of inflation . Lower projected deficits , of course , would help , but not nearly as ...
... rate , therefore , will be even higher in the future . I think the key to bringing down the high , long - term interest rates is to reduce the fear of inflation . Lower projected deficits , of course , would help , but not nearly as ...
Page 30
... rates and the recent budget forecasts make it easy to be too gloomy these days . It is important therefore to remember just how much progress has been made in the past year . The most tangible achievement has been the substantial ...
... rates and the recent budget forecasts make it easy to be too gloomy these days . It is important therefore to remember just how much progress has been made in the past year . The most tangible achievement has been the substantial ...
Page 31
... rates that some dour Wall Streeters are predicting . Much of that pessimism reflects a confusion between nominal market interest rates and inflation- adjusted real interest rates . The principal reason for hight market interest rates is ...
... rates that some dour Wall Streeters are predicting . Much of that pessimism reflects a confusion between nominal market interest rates and inflation- adjusted real interest rates . The principal reason for hight market interest rates is ...
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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.