Taxation and the Economy

Ackley Administration American banks billion boom borrowing budget Business Week businessmen capital cent Committee Congress congressional consumers costs Council of Economic countries defense deficit depression econ Economic Advisers economic growth economic policy economists effect excise tax expansion expenditures fact Federal Reserve Board Finance fiscal policy force forecasting full employment Gardner Ackley Government Government's guideposts House ideas income tax indirect taxes industry inflation inflationary interest rates investment John Maynard Keynes Johnson Kennedy Keynes Keynes's Keynesian labor less levies loans means ment monetary policy national debt Newsweek nomic period political President President's problem profits proposed prosperity recession reduce Reprinted by permission restraint revenue rise savings Senate social society spending stable stimulate tax cut tax increase tax rates tax reform taxation theory tion tool Treasury U.S. economy United wage Walter Heller York York Times Company