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THE 1969 ECONOMIC REPORT
OF THE PRESIDENT
HEARINGS
BEFORE THE
JOINT ECONOMIC COMMITTEE
CONGRESS OF THE UNITED STATES
NINETY-FIRST CONGRESS
For sale by the Superintendent of Documents, U.S. Government Printing Office
Washington, D.C. 20402 - Price $1.25
STANFORD LAW LIBRARY
[Created pursuant to sec. 5(a) of Public Law 304, 79th Cong.]
Patman, Hon. Wright, Chairman of the Joint Economic Committee: Page
Opening remarks.
1
Javits, Hon. Jacob K., ranking minority member of the Joint Economic
Committee: Opening statement__.
2
Barr, Hon. Joseph W., Secretary of the Treasury-
Okun, Hon. Arthur M., Chairman of the Council of Economic Advisers-
Zwick, Hon. Charles J., Director of the Bureau of the Budget__
4
95
98
ADDITIONAL INFORMATION AND EXHIBITS
Barr, Hon. Joseph W.:
Staff study: "Comparison of Budget Outlays and Tax Expenditures
by Function-Fiscal Year 1970"
Supplementary statement: "Tax Expenditures-Government Ex-
penditures Made Through the Income Tax System"
11
32
Table 1. National Defense, Tax Expenditures, 1968_
Table 2. International Affairs and Finance, Tax Expenditures,
1968-
34
35
Table 3. Agriculture and Agricultural Resources, Tax Expendi-
tures, 1968--
Table 4. Natural Resources, Tax Expenditures, 1968-
36
Prepared statement--
asuodsay
Table 5. Commerce and Transportation, Tax Expenditures, 1968-
Table 6. Community Development and Housing, Tax Expendi-
Table 7. Health and Welfare, Tax Expenditures, 1968--
Table 8. Education and Manpower, Tax Expenditures_
Table 9. Veterans Benefits and Services, Tax Expenditures, 1968-
Table 10. Aid to State and Local Government Financing, Tax
Expenditures, 1968-
Charts and text: "The Fiscal Program for 1970 in Perspective".
Response to Chairman Patman query re high interest rates.
Response to request from Chairman Patman for comment re Urban
Development Bank-
Response to Chairman Patman query re "realistic budget". Reply to Chairman Patman's query re increase in 1970 tax receipts...
Council of Economic Advisers:
Response to Chairman Patman's query re high interest rates..
Response to Chairman Patman's query re "realistic budget"
Reply to Chairman Patman's query re increase in 1970 tax receipts...
Javits, Hon. Jacob K.:
Editorial: "Unbalanced Budget Priorities," New York Times--
Patman, Hon. Wright:
Treasury Department publication: "Maintaining the Strength of the
U.S. Dollar in a Strong Free World Economy"
Zwick, Hon. Charles J.:
Charts: "1970 Budget Charts".
99
109
Material submitted in response to questioning by Representative
113
138
Rumsfeld re functional classification of budget_
152
Letter sent to New York Times replying to editorial "Unbalanced Budget Priorities".
215