Word: cea
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...present and that, at the same time, the money supply is growing too quickly; it was up $1.4 billion in the week ending Oct. 26. Thus the Federal Reserve has been increasing short-term interest rates to slow the increase in the money supply. On the other hand, CEA Chairman Schultze, the Administration's most vocal critic of Burns, holds that velocity is declining and that if the Fed does not increase the money supply, interest rates will shoot up and the economy will be in danger of going into a recessionary tailspin...
...transportation, labor, safety and environmental regulations that many businessmen feel is strangling them, and his criticisms of the abuses of Big Government during the primary campaign led some to believe that he would make the regulations less onerous. Now they can see no sign that he has or will. CEA Chairman Schultze contends that the Administration has brought about some improvement in the Occupational Safety and Health Administration (OSHA), which had gained well-deserved notoriety for enforcing niggling rules. That is news to executives, who find OSHA as petty-minded as ever. Grant Simmons Jr. complains that OSHA rules amount...
Instead, says one CEA staffer, "the only guy making economic policy is Carter, for good or ill. He is reluctant to delegate authority and judges every issue on the merits of the case presented to him." And the President does tend to consider issues one by one. A senior Administration official asserts: "Although he's a very fast learner, he doesn't move easily from one concept to another. You can open one subject, and he'll quickly have it mastered. Then he'll master a second one. But he often doesn...
...shorter term, Charles Schultze, chief of the Council of Economic Advisers, is concerned about a possible slowdown in the economy during the second half of next year. The CEA has suggested that the President consider asking Congress for a "quickie" tax cut next year in the event that stimulus is needed before the tax-reform bill is passed. The President, at his press conference last week, stopped just short of endorsing the idea when he said that a tax cut "may come next year or perhaps later-I think next year." One idea is to propose lowering withholding rates...
Though differences have existed among the President's advisers on what to include in the package, most of them have now been resolved. Most notably, the CEA has dropped its objection to a Treasury proposal that would soften the policy of taxing dividends twice-once as corporate income and again as individual income of shareholders. Though the method to be used has not yet been finally decided, some relief from double taxation is all but certain to be included in the package. Ultimately, of course, the decision will be up to the President, who is studying nine position papers...