Administration's Fiscal Year 1984 Budget Proposals--II: Hearings Before the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, June 15, 16, 22, 23, 28 and 29, 1983U.S. Government Printing Office, 1983 |
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... billion deficits as far as the eye can s direct result of that tax cut which we all voted for . We may in fact have a serious opportunity to remore from the Tax Code , which are there and which have bee ng a a las TE INS BL 20MPARE NE 2.
... billion deficits as far as the eye can s direct result of that tax cut which we all voted for . We may in fact have a serious opportunity to remore from the Tax Code , which are there and which have bee ng a a las TE INS BL 20MPARE NE 2.
Page 4
... result of that tax cut which we all voted for . We may in fact have a serious opportunity to remove inequities from the Tax Code , which are there and which have been consum- ing tax dollars for so many years . And I 4.
... result of that tax cut which we all voted for . We may in fact have a serious opportunity to remove inequities from the Tax Code , which are there and which have been consum- ing tax dollars for so many years . And I 4.
Page 24
... result in windfalls for the owners of supplies of low - cost gas . Those windfall profits could be taxed in the same ... results in a net revenue effect that is 75 percent of the gross effect . 2 The doubling of the cigarette excise tax ...
... result in windfalls for the owners of supplies of low - cost gas . Those windfall profits could be taxed in the same ... results in a net revenue effect that is 75 percent of the gross effect . 2 The doubling of the cigarette excise tax ...
Page 30
... result in some revenue gains . If the bonds were eliminated at the end of 1983 , revenue gains over the period from fiscal year 1984 to fiscal year 1988 would amount to $ 3.7 bil- lion . As an alternative to an earlier sunset date ...
... result in some revenue gains . If the bonds were eliminated at the end of 1983 , revenue gains over the period from fiscal year 1984 to fiscal year 1988 would amount to $ 3.7 bil- lion . As an alternative to an earlier sunset date ...
Page 31
... result in increases in investment and consequently in GNP , provided that new sav- ings become available to finance new investment . The critical element in the chain of economic responses to the issuance of IRBs is whether or not ...
... result in increases in investment and consequently in GNP , provided that new sav- ings become available to finance new investment . The critical element in the chain of economic responses to the issuance of IRBs is whether or not ...
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Common terms and phrases
accelerated depreciation ACRS assets billion budget capital formation capital gains treatment Chairman changes Committee companies Congress Congressional construction contributions Coopers & Lybrand cost recovery deficits dollar economic recovery effective tax rates eliminated employee enacted energy equipment ERTA exemption expenses facilities Federal tax financing fiscal growth IDB's impact income tax individuals industry inflation interest rates investment tax credit investors itemized deductions marginal tax rates ment municipal bond National ordinary income PCIDBS percent plans pollution control private pension production projects raise rate tax real estate recovery period reduce rental housing repeal residential result retirement revenue loss savings sector Senator LONG small issue statement Tax Act tax code tax expenditures tax incentives tax increases tax law tax policy tax provisions tax revenues tax structure tax system tax treatment tax-exempt taxable taxation taxpayers TEFRA timber capital gains tion Treasury tures utilities
Popular passages
Page 326 - tax expenditures" means those revenue losses attributable to provisions of the Federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability; and the term "tax expenditures budget" means an enumeration of such tax expenditures.
Page 301 - The 1974 act defines tax expenditures as "revenue losses attributable to provisions of the federal tax laws which allow a special exclusion, exemption, or deduction from gross income or which provide a special credit, a preferential rate of tax, or a deferral of tax liability.
Page 256 - Through deliberate departures from accepted concepts of net income and through various special exemptions, deductions, and credits, our tax system does operate to affect the private economy in ways that are usually accomplished by expenditures — in effect to produce an expenditure system described in tax language.
Page 93 - Reforestation expenditures shall not include any expenditures for which the taxpayer has been reimbursed under any governmental reforestation cost-sharing program unless the amounts reimbursed have been included in the gross income of the taxpayer.
Page 302 - 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 94 - On the other hand, the ruling provides that "expenditures for silvicultural practices such as weeding and noncommercial thinning . . . incurred after the trees become established . . . are in the nature of maintenance charges and are deductible as ordinary and necessary trade or business expenses...
Page 221 - Option with respect to intangible drilling and development costs in general: All expenditures 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 92 - However, if property used in a trade or business or held for the production of income...
Page 122 - NATIONAL ASSOCIATION OF HOME BUILDERS Mr. Chairman and...
Page 99 - ... ordinary and necessary expenses incurred in carrying on a trade or business...