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Title
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Gramm-Rudman-Hollings legislation: Editorial commentary
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Date
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1985
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Summary
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Balanced Budget and Deficit Reduction Act (commonly known as Gramm-Rudman) calls for a balanced Federal budget by 1991. This Editorial Commentary looks at how Federal spending reductions may be achieved. It also includes comments on how the process for providing automatic budget reductions will effect the balance of power between the executive and legislative branches in the years when Congress cannot agree. The Editorial Commentary is divided into two sections. The first contains newspaper articles focusing on the passage of Gramm-Rudman and its impact. The second includes editorials selected from the editorial collection maintained by Library Services Division. Both sections are arranged in reverse chronological order.
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Title
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National teachers' examination: Background and issues
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Date
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1985
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Summary
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This paper provides background information on the current proposals that would require all new teachers to pass a national teacher competency test before becoming eligible for internship or certification. In addition to providing an overview of the current proposals, brief discussions are provided about the various problems and experiences with testing programs of other professions such as law, medicine, nursing, and professional engineers. Current teacher examination practices among the States are summarized, and alternative responses for professional organizations and teacher education institutions are explored. The last sections of this paper address procedural questions, potential impact, and Federal options.
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Title
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Credit cards: Selected references
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Date
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1985
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Summary
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Credit cards offer an alternative to using checks or cash for payment transactions. Currently there are over 600 million credit cards in circulation. This bibliography lists publications concerning the credit card industry and related subjects.
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Title
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Selected CRS reports on environmental protection
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Date
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1985
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Summary
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This report lists selected CRS writings on environmental issues. Most of the papers cited were written by members of the Environmental Protection Section of the Environmental Policy and Natural Resources Division at CRS. Topics addressed include acid rain, air quality, water quality, the EPA, pesticides, and hazardous wastes.
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Title
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Social security and medicare: How are they treated in determining the national debt?
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Date
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1985
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Summary
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The national debt represents the outstanding liabilities of the Federal Government at any given time. Because the national debt includes Federal securities in which the income of the social security and medicare programs is invested, the question is sometimes asked: What effect do social security and medicare have on the size of the national debt, and vice versa? This paper describes how these programs relate to the national debt and the statutory debt ceiling.
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Title
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How the government borrows: A primer
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Date
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1985
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Summary
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The United States Government is the world's largest debtor. It owes nearly $2 trillion and is borrowing more at a rate of approximately $200 billion a year. This report explains the basics of how the Government goes about borrowing these sums.
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Title
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Sheltered workshops for the handicapped: Background information and pending legislation
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Date
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1985
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Summary
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Sheltered workshops serve the dual functions of rehabilitation training facility and employment opportunity for handicapped individuals. The Federal Government certifies sheltered workshops to pay subminimum wages and purchases commodities and services from workshops under a special procurement program. This paper discusses these Federal programs and pending legislation regarding sheltered workshops.
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Title
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Potential implications of funding reductions for programs administered by the department of education
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Date
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1985
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Summary
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This paper presents the potential implications funding reductions might have for selected programs administered by the Department of Education. Also included is data on program funding levels since FY 1980 adjusted for inflation, the estimated number of recipients, the estimated Federal share of financing the program, and the types of services provided and activities supported by these programs.
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Title
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The Gramm-Rudman-Hollings amendment for budget deficit control: Editorial commentary
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Date
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1985
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Summary
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This illustrative collection of editorials is taken from newspapers monitored by CRS. The sources look at the controversy surrounding the Gramm-Rudman-Hollings amendment to the debt limit increase for the purpose of reducing budget deficits and balancing the budget by 1991. An introductory section contains newspaper articles presenting press coverage on the issue. The articles and editorials are arranged chronologically, with the most recent dates appearing first. [Current Editorial CE79 on budget deficits is also available; it includes editorials on this topic received in Library Services since November 1, 1985.]
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Title
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Treatment of state-local taxes and tax-exempt bonds under tax reform proposals: Effects on the state-local sector
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Date
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1985
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Summary
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This report compares the potential economic effects of several tax reform and deficit reduction proposals on the State-local sector, through their treatment of deductibility of State-local taxes from Federal taxable income and the exemption of interest on State-local bonds. The proposals considered are the Treasury, Kemp-Kasten, Bradley-Gephardt, DeConcini, and Quayle tax reform plans, and the floor and ceiling deductibility proposals for deficit reduction. Among the more important conclusions are that these proposals would differ in their potential effects on the State-local sector's own tax revenues and the distribution of the sector's revenue losses across States. Also, the effect on the State-local bond market from the Treasury, Bradley-Gephardt, and Kemp-Kasten proposals would differ from the effect of the DeConcini and Quayle proposals.
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