Taxing to Prevent Inflation: Techniques for Estimating Revenue Requirements

Taxing to Prevent Inflation: Techniques for Estimating Revenue Requirements

Taxing to Prevent Inflation: Techniques for Estimating Revenue Requirements

Taxing to Prevent Inflation: Techniques for Estimating Revenue Requirements

Excerpt

THIS RESEARCH PROJECT and the SYSTEMation of its findings were made possible by funds granted by the Carnegie Corporation of New York to the Institute of Public Administration. That Corporation is not, however, the author, publisher, or proprietor of this publication, and is not to be understood as approving by virtue of its grant any of the statements made or views expressed herein.

The work was accomplished under the auspices of a joint advisory committee of the Carnegie Corporation and the Institute of Public Administration, consisting of Henry Bruère, W. Randolph Burgess, Richard S. Childs, Luther Gulick, Roswell Magill, and Elihu Root, Jr. (Chairman). The committee held several meetings during the past year and a half, starting in May, 1941, at which the progress of the work was reported on and constructive suggestions were offered by the members. However, no responsibility for the statements made or views expressed in this volume is to be attributed to the members of the advisory committee, the Institute of Public Administration, or, as explained above, the Carnegie Corporation.

Active work was started in June, 1941, with the appointment of Milton Friedman and Ruth P. Alack as associate directors of the project. Harlan Bramble and George E. Lent performed valuable work as research assistants, and Dorothy Harmon, as secretarial assistant. A preliminary 51-page mimeographed report, "Amount of Taxes Needed in June, 1942, to Avert Inflation" was completed October 15, 1941. Copies were distributed within the United States Treasury and to those in other government departments who were working on the same problem. A series of conferences among technicians in the Treasury and these other departments was held during November and December, 1941, at which the mimeographed report was discussed and helpful suggestions made concerning the method of presentation and the basic data on defense expenditures, national income, and so on. This preliminary report is not . . .

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