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These volumes present the Budget Message of the President & information on his budget proposals. The report also contains detailed information on the various appropriations & funds, & highlights significant presentations of data. Statistics are provided for the following: budget receipts, outlays, & surpluses or deficits over an extended time period.
These thirteen papers and accompanying commentaries are the first fruits of an ongoing research project that has concentrated on developing simulation models that incorporate the behavioral responses of individuals and businesses to alternative tax rules and rates and on expanding computational general equilibrium models that analyze the long-run effects of changes on the economy as a whole. The principal focus of the project has been on the microsimulation of individual behavior. Thus, this volume includes studies of individual responses to an over reduction in tax rates and to changes in the highest tax rates; a study of alternative tax treatments of the family; and studies of such specifi...