Does the government profit from inflation?: A round table held on May 25, 1977 and sponsored by the American Enterprise Institute for Public Policy Research, Part 3
AEI, 1977 - Business & Economics - 42 pages
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American Enterprise Institute benefits billion bonds budget capital gains corporate tax correct crease decision to raise degree of progression depreciation charges distribution earning economic growth expenditures to GNP explicit decision explicitly favor federal government flation government expenditures GOVERNMENT PROFIT Herb Stein index the tax indexing would reduce individual income tax inflationary interest rate inventory-intensive firms Jack Kemp Joe Pechman John Charles Daly Laughter level of government middle-income Milton Friedman monetary items offset opportunity payroll taxes percent period price level problem Professor Davidson Professor of Economics Professor Stein profit from inflation progressive tax Public Policy Forum Public Policy Research purchasing power question raise tax rates ratio of government real tax burden Regulation Q result spend standard deduction Sterling professor tax cuts tax expenditures tax structure tax system taxable income taxation taxing real income taxpayer tion William Fellner zero tax reduction