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Helps control inflation 57 New trade legislation 57 Wage and price policies 59 Suggested guidelines 59 Productivity measures 60 Education and voluntary restraint 61 Administered price inflation 62 Conclusions...achieved during 1961 and sets forth clearly the unfinished business before us full recovery without inflation reduced unem ployment strengthened defenses against future recessions more rapid economic growth...policy recommendations reflect a balanced concern between achieving high employment and avoiding inflation Speaking of the feasi bility of achieving the Administration s interim goal of 4 percent unemployment...

pressure on productive resources and of excess liquidity sufficient to have generated a runaway inflation With the passage of time Federal tax policies have become outdated and illadapted to present and...early postwar years to maintain a strong anti inflationary fiscalpolicy as a barrier to runaway inflation Memories may now be dim but in 1944 the Federal deficit amounted to one fourth of the gross national...that only the most careful guard against inflation could prevent disaster The earliest hearings of this committee 15years ago were on this very problem of inflation Most of its activi ties over its first...

specifications call for a stronger and more productive economy expansion of job opportunities avoidance of inflation improvement in the Nation s balance of international payments steps to deal with the problems created...is well to taper off the stimulus when the economy nears full employment to minimize the risk of inflation The Revenue Act of 1964 conforms to our earlier recommendation The Revenue Act will have economic...business firms individuals or areas MONETARY POLICY In the absence of a clear and present danger of inflation or a marked deterioration in the balance of payments the monetary authorities through open market...

rural communities re mains less than half of what it was in 2004 And in fact when you adjust for inflation lending to rural small businesses is below 1996 levels But CDFIs are hyper local financial institutions...

Consumer debt excluding mortgages is now 4 trillion its highest level ever after adjusting for inflation Folks are also putting off home ownership which can deprive them of a key source of wealth accumulation...

widely cited statistic on the cost of raising a child comes from the USDA Adjusting for recent inflation since their most recent estimate reflecting 2015 spending USDA s numbers suggests that a married...probably spends almost 260 000 to raise a child That s considerably higher than in 1995 when in inflation adjusted terms a married middle income household would have spent about 220 000 2 USDA s method...for things like cars train tickets and gasoline have only risen about 47 So aside from general inflation parents are actually buying 10 or 15 more transportation or perhaps better quality transportation...

then adjusted these cost estimates to both isolate the cost in a single year and to adjust for inflation The total annual economic burden of flooding in the United States is between 179 8 and 496 0 billion...flooding costs motivate continued cost effective investments in resilience Recent legislation like the Inflation Reduction Act Bipartisan Infrastructure Law and Water Resources Development Act of 2022 have made...in situations where the estimates were expressed over a multi year time span and to adjust for inflation by convert all dollar values into December 2023 dollars using the Consumer Price Index for December...

then adjusted these cost estimates to both isolate the cost in a single year and to adjust for inflation The total annual economic burden of flooding in the United States is between 179 8 and 496 0 billion...flooding costs motivate continued cost effective investments in resilience Recent legislation like the Inflation Reduction Act Bipartisan Infrastructure Law and Water Resources Development Act of 2022 have made...in situations where the estimates were expressed over a multi year time span and to adjust for inflation by convert all dollar values into December 2023 dollars using the Consumer Price Index for December...

loss and psychological costs Source Analysis by JEC Democratic Staff all values were adjusted for inflation into 2022 dollars REPORT OCTOBER 2023 2 U S Congress Joint Economic Committee October 2023 The total...toll and the economic damages requires government action At the federal level investments from the Inflation Reduction Act to combat climate change will cut down on the greenhouse gas pollution that is a root...areas at risk from fires that also decreases the possible tax base for property tax revenue The inflation adjusted 337 billion total cost estimate used in the underlying study stems from a wildfire insurance...

in Federal Data Leaves Policymakers With an Incomplete Picture The five U S territories American Samoa the Commonwealth of the Northern Mariana Islands CNMI Guam Puerto Rico and the U S Virgin Islands...the Interior s Office of Insular Affairs OIA has provided 62 million in federal funding to American Samoa CNMI Guam and USVI over the last five fiscal years and supported important efforts to improve territorial...as Hispanic or Latino while in USVI a majority of the population identifies as Black In American Samoa CNMI and Guam a majority of people identify as Asian or Native Hawaiian and Pacific Islanders Underrepresentation...