The Honorable Vic Fazio
February 5, 1986
Page three

This is the Fortieth Anniversary of the creation of the Joint Economic Committee and our executive branch counterpart, the Council of Economic Advisers. The Employment Act of 1946 which created both entities was passed in response to great uncertainty about the future course of the American economy and the extent to which the end of World War II would bring an economic downturn and a return to the hard times of the thirties. The 40th anniversary comes at a time when dramatic economic changes also are creating uncertainties and I feel the Joint Economic Committee can be as relevant today in resolving those uncertainties and helping to chart the best strategies for economic growth as it was when it was created in 1946.

JOINT ECONOMIC COMMITTEE EXPENDITURES: ACTUAL FISCAL YEAR 1985 AND ESTIMATED FISCAL
YEAR 1986 and FISCAL YEAR 1987

Fiscal 1985
Actual

JOINT ECONOMIC COMMITTEE EXPENDITURES: ACTUAL FISCAL YEAR 1985 AND
ESTIMATED FISCAL YEAR 1936 AND ESTIMATED FISCAL YEAR 1986

Total Salary

Sequester amount of $114,000 has not been removed from the estimated FY'36 chart

JOINT ECONOMIC COMMITTEE EXPENDITURES: ACTUAL FISCAL YEAR 1985 AND ESTIMATED FISCAL YEAR 1986 AND FISCAL YEAR 1987

'Salary levels submitted for publication in the FY 1987 Subcommittee Print were erroneous. This table has been corrected to reflect the accurate figures.

'Request for five additional staff members.