Tax and program policy: hearing before the Task Force on Economic Policy and Productivity of the Committee on the Budget, House of Representatives, Ninety-seventh Congress, first session, March 12, 1981
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10-percent inﬂation rate 50 percent accelerated depreciation achieve actual budget administration administration’s ALBERT LEE assets AUERBACH balance the budget beneﬁts billion bracket creep BRADFORD budget deﬁcits BUREAU OF ECONOMIC capital gains consumption tax cost current dollar potential defense spending depreciation reform difﬁcult dollar potential GNP ECONOMIC RESEARCH economic slack efﬁcient faster favor ﬁgure ﬁnance ﬁnancial ﬁnd ﬁrms ﬁrst ﬁrst-year Fiscal ﬁxed forecast gainful unemployment going GORDON Government incentive income from capital income tax rates increase indexing inﬂation and real investment tax credit JACK KEMP JIM WRIGHT JOHNSTON Kemp-Roth MARTIN ment monetary growth monetary policy nomic OBEY period personal income tax potential real GNP rate of inﬂation Reagan program Reagan projections real GNP growth reduction in tax revenues savings simply slow inﬂation slowdown slower social security speciﬁc surplus tax brackets tax cuts tax expenditures tax system things tion unem unemployment rate United Kingdom velocity