Budget Deficits: Causes, Effects and Some Remedial Options
Description:
In 1981 Congress enacted extensive changes in taxing and spending policies that supporters of these changes expected to generate sufficient revenues, despite a series of tax rate cuts, to balance the budget by FY84. After the onset of recession in early 1982, however, the Reagan Administration's projections showed widening budget deficits, which culminated in an actual FY83 deficit of $195.4 billion. Despite enactment of the Tax Equity and Fiscal Responsibility Act of 1982, and, more recently, …
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Date:
July 15, 1985
Creator:
Grinnell, David & Cox, William
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department