Word: sprinkel
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...Budget. "We have the standard reservation against more Government programs," says an OMB aide. "Let the private sector do it. Also, parts of the Bowen plan rely on new tax incentives. We have just closed major loopholes in tax reform, and now here come some new loopholes." To Beryl Sprinkel, chairman of Reagan's Council of Economic Advisers, Bowen's plan is "inconsistent with the Administration's policies to restrain the growth of federal spending, to use private-sector solutions whenever possible...
...Beryl Sprinkel, chairman of Reagan's Council of Economic Advisers, forecasts that production will grow 10% more over the next five years than it would under the present tax code. One reason: consumers who save on taxes will have more money to spend and invest. A bigger factor is that the bill would remove the distortions that are created by the existing maze of incentives and exemptions. No longer will businessmen waste their ingenuity devising elaborate schemes to turn ordinary income into capital gains. Dollars will flow to the most productive uses rather than being diverted into agricultural enterprises designed...
...week. Baker's measures of the past month constitute a new Reagan Administration policy in international economic affairs. During its first five years in office, the Administration had adopted a generally hands-off policy. Donald Regan, who served as Treasury Secretary during the President's first term, and Beryl Sprinkel, the Under Secretary for Monetary Affairs, did not believe in taking an activist policy role. Strong advocates of free markets, both men believed that the private sector should be left alone to solve world economic problems. They opposed intervening in currency exchanges to halt the rise of the dollar. They...
...optimist and a critic of Feldstein's dour outlook, admitted that "without proper fiscal and monetary policies, there is a possibility of our slipping back into a recession in the U.S." Unless the Federal Reserve speeds up growth of the U.S. money supply, warned Treasury Under Secretary Beryl Sprinkel, a recession could start this year...
Among those pleased by the predominantly moderate tone of the proceedings was Beryl Sprinkel, Under Secretary of the Treasury for monetary affairs, who represented the U.S. at the session. "It is in our interest that the debtor countries adjust and grow," said he. "But we have not committed ourselves to expending vast increases in resources on their behalf, because we do not have them." Nevertheless, by pressing their interests without raising threats, the delegates may have helped to keep the debt bomb from going...