Outlook for the Fiscal Year 1990 Budget: Hearing Before the Committee on the Budget, House of Representatives, One Hundred First Congress, First Session ... February 21, 22, 23, 28; March 2, 9, and 14, 1989, Volume 4U.S. Government Printing Office, 1989 - 843 pages |
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additional Administration Administration's agriculture alternative minimum tax American Amtrak areas assets basis points billion BOSKIN BOXER BRADY budget authority budget deficit budget proposals Bush budget capital gains tax CAVAZOS Chairman Committee Congress Congressman cost current law DARMAN deficit reduction dollars economic effect eligible estimate expenditures FDIC Federal Reserve fiscal year 1990 forecast freeze FRENZEL going Government GRADISON Gramm-Rudman GREENSPAN growth GUARINI hospitals housing incentive increase inflation initiatives interest rates investment issue KASICH KEMP KILDEE KOLB loan long-term look magnet schools Medicaid Medicare negotiations OBERSTAR ordinary income outlays payments Pell Grants President Bush's President's priority problem programs projections question Reagan budget realizations REFCO revenue rural savings SCHUETTE SCHUMER Secretary SLATTERY Social Security spending talking target tax credit taxpayers Thank things tion Treasury trying Uruguay Round YEUTTER
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Page 336 - ... a dependent of the taxpayer who is physically or mentally incapable of caring for himself or herself, or...
Page 329 - No deduction shall be allowed under section 804(c) (2) for any amount paid out for new buildings, or for permanent improvements or betterments made to increase the value of any property. An itemized schedule of such taxes and expenses shall be attached to the return. See subparagraph (4) of this paragraph for limitation of such deduction.
Page 517 - ... deficits, however, place pressure on resources and credit markets, only if they are not offset by saving elsewhere in the economy. If the pool of private saving is small, federal deficits and private investment will be in keen competition for funds, and private investment will lose. The United States deficits of recent years are threatening precisely because they have been occurring in the context of private saving that is low by both historical and international standards. In the 1980s, net...
Page 291 - Corporation (REFCORP), which will issue $50 billion in long-term bonds to raise the needed funds. To pay the principal, industry funds will be used to purchase zero-coupon, long-term Treasury securities which will grow through compound interest to a maturity value of $50 billion. This assures the repayment of the principal of the bonds issued by REFCORP. Funds to purchase these zero-coupon bonds will come exclusively from private sources: — The...
Page 517 - Japanese general government has been borrowing almost 3 percent of its gross domestic product in the 1980s. In contrast, over half of private US saving in the 1980s has been absorbed by the combined deficits of the federal and state and local sectors. Under these circumstances, such large and persistent deficits are slowly but inexorably damaging the economy. The damage occurs because deficits tend to pull resources away from net private investment. And a reduction in net investment has reduced the...
Page 715 - Thank you, Mr. Chairman. I have a statement that I would like to submit for the record in connection with HR 2402, the authorization for the cleanup in the Potomac River.
Page 823 - Both the Public Works and Economic Development Act and the Appalachian Regional Development Act were experiments in attempting to achieve more rational and effective development of areas that chronically lagged behind the nation.
Page 305 - A capital asset generally means any property except (1) inventory, stock in trade, or property held primarily for sale to customers in the ordinary course of the taxpayer's trade or business, (2) depreciable or real property used in the taxpayer's trade or business, (3) specified literary or artistic property, (4) business accounts or notes receivable...
Page 624 - Act's most fundamental change was the creation of a new program of work and training activities, the Job Opportunities and Basic Skills (JOBS) training program, which all states must have in effect by October, 1990. States can elect to replace existing work programs with JOBS as early as July...
Page 124 - The 1978 budget is essentially still President Ford's budget, with only such limited revisions as my Administration has had time to make