Deficit Reduction Proposals: Hearings Before the Committee on Finance, United States Senate, Ninety-eighth Congress, First Session, December 12, 13, 14, 1983

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U.S. Government Printing Office, 1984 - 801 pages
 

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Page 320 - Acts; and (C) to make payments (including loans and grants), the budget authority for which is not provided for in advance by appropriation Acts, to any person or government if, under the provisions of the law containing such authority, the United States is obligated to make such payments to persons or governments who meet the requirements established by such law.
Page 317 - Committee therefore recommends the following: 1. Congress, the Office of Management and Budget (OMB), the Congressional Budget Office (CBO) and the General Accounting Office (GAO) should agree on the definitions for all credit terminology. Currently, major differences exist in the interpretation of these terms. A unified effort would produce the reliable data necessary to assess and establish responsible levels of federal credit activity.
Page 741 - Section 112(b) (5) to save the taxpayer from an immediate recognition of a gain, or to intermit the claim of a loss, in certain transactions where gain or loss may have accrued in a constitutional sense, but where in a popular and economic sense there has been a mere change in the form of ownership and the taxpayer has not really "cashed in" on the theoretical gain, or closed out a losing venture.
Page 653 - IFTOA is an association composed of 16 companies which operate deepwater oil terminals along the East Coast from Maine to Florida. None is affiliated with a major oil company. Members are primarily marketers of residual fuel oils (Nos.
Page 320 - Such term does not include authority to insure or guarantee the repayment of indebtedness incurred by another person or government, (d) Exceptions.
Page 749 - For a noncorporate taxpayer, only 40 percent of net capital gains (ie, the excess of net long-term capital gain over net short-term capital loss) is included in taxable income.
Page 85 - ... end of its 1970s range would therefore require very major changes, even in comparison with the Reagan Administration's budget proposals, not to mention currently existing tax and spending legislation. The important question is what changes. The standard trio of suggested ways to reduce the federal deficit in the medium-run future includes cutting entitlement program benefits, slowing the scheduled acceleration in defense spending, and eliminating either the reduction in individual income tax...
Page 320 - Nothing contained in this Act, or in any amendments made by this Act, shall be construed as. — (1) asserting or conceding the constitutional powers or limitations of either the Congress or the President; (2) ratifying or approving any impoundment heretofore or hereafter executed or approved by the President or any other Federal officer or employee, except insofar as pursuant to statutory...
Page 153 - Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Page 79 - Research, 1986). , and D. Fullerton, The Taxation of Income from Capital: A Comparative Study of the United States, the United Kingdom, Sweden and West Germany (Cambridge, Massachusetts: National Bureau of Economic Research, 1984). Kopits, George, "Intrafirm Royalties Crossing Frontiers and Transfer Pricing Behavior,

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