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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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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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Analysis and critique of National Organization for Raw Materials' (NORM) proposed National Economic Stability Act (NESA)
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Date
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1985
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Summary
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The purpose of this report is to explain, analyze, and critique the National Economic Stability Act proposed by the National Organization of Ray Materials (N.O.R.M.). N.O.R.M. believes that most of today's economic problems, such as high rates of bankruptcy, the negative balance of trade, unemployment, and spiraling public and private debt, are related to our Nation's treatment of agriculture and other raw material producers over a long period of time. When raw material prices are cheap, below "full honest parity," rural America is short of buying power, and urban businesses are unable to operate at full capacity without the economy going into debt. N.O.R.M. proposes replacing existing farm programs with a law prohibiting the sale of certain basic agricultural commodities at less than their parity price.
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Explanation of the Balanced Budget and Emergency Deficit Control Act of 1985--Public Law 99-177 (The Gramm-Rudman-Hollings Act)
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Date
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1985
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Summary
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This report explains briefly the major features of the Balanced Budget and Emergency Deficit Control Act of 1985 (Public Law 99-177), commonly referred to as the Gramm-Rudman-Hollings Act. Following a short overview of the deficit of fiscal years 1987-1991 (and the accelerated timetable for fiscal year 1986), compute the required spending reductions, and summarizes the sequestration exempted from emergency deficit reduction procedures and those that have special rules for making reductions.
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Summary and analysis of the Parental and Disability Leave Act of 1985, H.R. 2020, 99th Congress
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Date
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1985
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Summary
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Due to changes in the labor force behavior of women with young children, new employee benefits related to parenthood have been proposed. The establishment of a non-discriminatory parental leave benefit is intended to address the issue of limited availability of childcare; the establishment of a non-discriminatory leave for all temporary, nonoccupational medical reasons would create a standard disability benefit for all workers. This report summarizes and analyzes legislation proposed in the 99th Congress to create these benefits.
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Title
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Agricultural trade: Selected references, 1983-1984
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Date
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1985
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Summary
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This bibliography lists recent articles, reports, books, and congressional documents on U.S. agricultural trade. The references are annotated and are arranged into three topical sections: the U.S. as an agricultural trading nation; factors affecting agricultural trade; and agricultural trade policy options. The Congressional Research Service bibliographic database was the source of the bibliography.
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Title
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Labor issues in the 99th Congress: An update
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Date
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1985
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Summary
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During the first several months of the 99th Congress, a number of labor issues have received considerable attention. This paper gives a brief description and analysis of these labor and labor-related issues as well as others that are likely to receive some attention in the remainder of the 99th Congress. This paper is an update of Labor Issues in the 99th Congress: Potential Topics of Discussion, Report 85-525 E, January 29, 1985.
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Title
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Import restrictions on meat: History and current issues
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Date
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1985
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Summary
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Throughout the 20th century, imports of meat into the United States have been subject to qualitative and quantitative restrictions as well as to tariffs. The former developed as a result of health and safety concerns, and the latter as a direct response to increasing meat imports and deteriorating economic conditions in the domestic cattle industry. These two concerns still motivate periodic efforts to change the Meat Import Act of 1979 and the Federal Meat Inspection Act. This report traces the development of meant import restrictions and analyzes current proposals for change in meat import requirements. Since the Meat Import Act (which relates to imports of fresh or frozen beef, veal, mutton, and goat meat) is the focus of this paper, issues related to pork imports receive only brief mention.
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