TASK FORCE ON DISTRIBUTIVE IMPACTS OF BUDGET AND ECONOMIC POLICIES

DONALD M. FRASER, Minnesota, Chairman

BRUCE MEREDITH, Assistant Director, Budget Priorities
NANCY TEETERS, Assistant Director, Economic Analysis
JEROME SEGAL, Administrator

NICHOLAS A. MASTERS, Director, Majority Associate Staff

Natrella, Vito, Director, Statistics Division, Internal Revenue

Service....

Projector, Dorothy S., Director, Division of Economics and Long-

Range Research, Social Security Administration_

Ruggles, Richard, department of economics, Yale University___.

Smith, James, professor of economics, Pennsylvania State University__

Additional information submitted for the record by-

Carlson, Dr. Jack, prepared statement submitted on behalf of the U.S.

Chamber of Commerce, with attachments..

Attachments 1-4:

Morgan, James N., professor, Institute for Social Research, University

of Michigan...

McClung, Nelson, Assistant Director, Office of Tax Analysis, Depart-

ment of the Treasury.

Duncan, Dr. Joseph, Deputy Associate Director, Office of Management

and Budget---

Table 1.-Estimated Characteristics of the Direct Beneficiary

of Program Expenditures---

168

Table 2.-Fiscal Year 1969 Federal Budget Expenditures by

Federal Regions with Economic and Population Information

Table 3.-Selected Locational Characteristics of Federal

Budgetary Expenditures--

169

170

Table 5.-Tax Expenditures -

Duncan, Dr. Joseph:

171

Paper submitted, entitled: "Income, Wealth, and Consumption".

Prepared statement..

127

144

Statement entitled: "Confidentiality Statistics and Research

Data".

67

Franklin, Stephen D., and James D. Smith, prepared statement...

Morgan, James N.:

173

Alternative Designs for Studies on the Distribution of Housing

Wealth (article)

41

Prepared statement..

5

Projector, Dorothy S.:

Prepared statement..

14

"Social Security, Saving, and Capital Formation," article written

by Selig D. Lesnoy and John C. Hambor._.

16

Ruggles, Richard:

Prepared statement.

Tables submitted for the record:

Table 1A.-Assets and Liabilities of Households..

Table 1B.-Assets and Liabilities of the Top 1 Percent of

Wealth Holders..

Table 2A.-Assets and Liabilities of Households..

Table 2B.-Assets and Liabilities of the top 1 percent of

Wealth Holders____

51

56

58

60

(III)

Additional information submitted for the record by-Continued

Table 3.-Balance Sheet for Households, Personal Trusts,
and Nonprofit Organizations, 1959-69--

Smith, James D., and Stephen D. Franklin, prepared statement.
U.S. Chamber of Commerce, prepared statement submitted on its
behalf by Dr. Jack Carlson__

Attachments 1-4 in prepared statement:

Page

64

173

166

Table 1.-Estimated Characteristics of the Direct Beneficiary
of Program Expenditures-

168

Table 2.-Fiscal Year 1969 Federal Budget Expenditures
by Federal Regions With Economic and Population
Information.......

169

Table 3.-Selected Locational Characteristics of Federal

Budgetary Expenditures..
Table 5.-Tax Expenditures-

170

171