Lanterna Rally

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Published: 2015-08-05

Total Pages: 22

ISBN-13: 9781332290291

Excerpt from Summary of Revenue Provisions in the President's: Fiscal Year 1988 Budget Proposal This pamphlet, prepared by the Staff of the Joint Committee on Taxation, provides a summary of the revenue provisions in the President's Fiscal Year 1988 Budget, submitted to Congress on January 5, 1987. The first part of the pamphlet is a summary of the revenue proposals contained in the Fiscal Year 1988 Budget, including present law and a reference to prior action on the topic. The second part of the pamphlet presents the Administration's estimates of the revenue effects of the proposals, as they affect budget receipts. The pamphlet generally does not describe the President's budget proposals relating to user fees or charges (other than the proposed Coast Guard user fees and proposed increase in PBGC premiums) that are not treated as "budget receipts." The pamphlet also does not include budget proposals relating to an increase in the District of Columbia employer contributions to Civil Service Retirement, Nuclear Regulatory Commission fees, or certain other similar user fee proposals which are included as budget receipt items in the President's budget. The pamphlet also does not describe the President's Competitiveness Initiative, announced on January 27, 1987. The revenue-related portions of that initiative propose - (a) decentralization of the financing and responsibility for the unemployment insurance program; (b) provisions increasing legal and regulatory flexibility for research and development in the R&D tax credit, as well as certain Treasury rulings on allocation of these expenditures under Code section 861; and (c) amending the Employee Retirement Income Security Act of 1974 ("ERISA") with regard to overfunded defined benefit pension plans and making ERISA less lenient in dealing with employer underfunding of defined benefit pension plans. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.