The Economy and the President's Budget for Fiscal Year 1989: Hearing Before the Committee on Ways and Means, House of Representatives, One Hundredth Congress, Second Session, March 16, 1988, Volume 4U.S. Government Printing Office, 1989 - 153 pages |
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Administration ASIM asset sales assumptions average baseline beneficiaries benefits Bipartisan Budget Agreement Blue Chip BLUM budget deficit budget summit capital gains tax capital ownership CBO's Chairman ROSTENKOWSKI CHAPOTON Committee Congress Congressional Budget Office consumer corporate costs cuts Dan Rostenkowski deficit reduction dollar DOWNEY DUNCAN economic effect enacted ESOP estimates expenditures fiscal year 1989 forecast Government GRAMLICH Gramm-Rudman growth hospitals implementation income increase inflation investment leveraged buyouts mandatory margin Market Basket Medicaid medical education Medicare coverage Medicare program Medicare savings Merrill Lynch MILLER monetary policy mutual funds OBRA outlays patients payment system PEASE PENNER percent PPOs premium President President's budget projections receipts reconciliation bill reductions in Medicare result sequester Social Security spending SPLI STARK statement summit agreement target tax rate taxpayers Thank Treasury trust fund windfall profit tax
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Page 72 - In the case of a bona fide sale of any oil or gas property, or any Interest therein, where the principal value of the property has been demonstrated by prospecting or exploration or discovery work done by the taxpayer, the portion of the surtax imposed by section 1 attributable to such sale shall not exceed 30 percent of the selling price of such property or interest.
Page 67 - Mr. Chairman and Members of the Subcommittee: I am pleased to have this opportunity to present the views of the Treasury Department on...
Page 67 - ASSISTANT SECRETARY (TAX POLICY) DEPARTMENT OF THE TREASURY BEFORE THE COMMITTEE ON WAYS AND MEANS UNITED STATES HOUSE OF REPRESENTATIVES Mr.
Page 71 - Generally, oil in tier one is "old" oil that had been subject to price controls; oil in tier two consists of oil produced by a stripper well, plus petroleum reserve oil; and oil in tier three is newly discovered oil, tertiary oil and heavy oil. The base for the tax is the difference between a statutory base price (lower for tier 'one oil and progressively higher for tiers two and three), adjusted for inflation, and the amount for which oil is sold, less a severance tax adjustment. The tax rate is...
Page 43 - This basic accounting principle was set forth in the 1967 Report of the President's Commission on Budget Concepts. In its report, the Commission stated that its most important recommendation is the adoption of the unified budget — a budget that is "comprehensive of the full range of Federal activities".
Page 139 - Colorado corporation formed by teachers, firefighters, police, and other state and local government employees who have elected not to join the Social Security system. The purpose of our organization is to assure the continued financial integrity of our members' retirement and health insurance plans by resisting congressional efforts to mandate Social Security or Medicare coverage of public employees.
Page 150 - ... to act as a national representative for physicians engaged in the study and management of patients with renal disease and related disorders, and to serve as a major resource for the development of national health policy concerning renal disease.
Page 2 - Committee by t witness. any written statement or exhibit submitted for the printed record or any written comments in response to a request for written comments must conform to the guidelines listed below. Any statement or exhibit not in compliance with these guidelines will Mt be printed.
Page 141 - Ohio, $200 million. Imposition of these additional costs would come at a particularly trying time. State and local governments have repeatedly been forced to shoulder additional burdens in recent years, resulting from considerable cuts in the federal appropriations for many of their programs and the loss of revenue-sharing, while the Tax Reform Act limited their ability to raise revenues, through loss of the sales tax deduction and new restrictions upon municipal bonds.
Page 3 - Mr. FORD. Sometimes they kill a program because they don't like it. Mr. LUMLEY. That is right. There are a couple of programs they have never funded at all. Mr. FORD. Thank you very much. Mr. PUCINSKI. Mrs. Mink ? Mrs. MINK. Thank you very much, Mr. Chairman. I would also like to welcome you to the committee. I read through your testimony and listened very carefully to your responses to the questions which my colleague has put to you. I am also very interested about the matter which you have raised...