Word: feldstein
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...most recent gloom-and-doom predictions came from the Urban Institute in Washington. It was built on groundbreaking studies conducted by Martin S. Feldstein '61, professor of Economics and director of the National Bureau of Economic Research. Institute economists calculated that individual donations to institutions should drop many billions of dollars lower between 1981 and 1984 than they might have been under the old tax laws...
...House of Representatives last week voted to maintain the $122-per-month minimum level for Social Security benefits, but that action will certainly not end the controversy surrounding the troubled program. Harvard's Martin Feldstein, a member of TIME'S Board of Economists, looks at the problems of Social Security and some proposed solutions...
Coddington cited studies conducted by Thurow and Martin S. Feldstein, professor of Economics at Harvard and director of the NBER, that predict that the government could eventually eliminate those taxes on profits and thereby end any incentive for corporations to contribute to universities...
...income taxes in each of the next three years stands much of a chance in Congress. They see the proposal as inflationary, a feeling that is strengthened by the year's strong first quarter. But the board still agreed that some tax cuts are necessary. Harvard's Feldstein pointed out that the Administration's proposed cuts would do little more than offset "bracket creep," which has pushed people into higher tax categories even though their real incomes after inflation have not risen. Feldstein predicted that there is likely to be pressure for "real tax cuts" later...
...Feldstein and the other board members agreed that the tax cuts as now proposed would do little to boost savings to a level where they would provide the Administration's promised thrust toward industrial renewal. A more effective way of doing that would be to allow individuals to open tax-deductible retirement accounts whether or not they were covered by private pension plans. Another, says Feldstein, would be to Increase exclusions for dividends and interest received to $1,000 or even $2,000 from the current $200 per person, which he regards as "too trivial to be much...