Reagan tax plan may not shift economy much say experts
New York Times reports mixed views on President Reagan's tax plan. Economists caution it may barely change overall taxes or capital formation, while White House argues it would boost saving, investment, and growth. Critics warn depreciation cuts and removal of investment tax credit could depress real estate and U.S. competitiveness.
MENTIONED IN THIS ARTICLE
New York Times
Reagan
Lester C. Thurow
Billard
Massachusetts Institute of Technology
White House
Murray L. Weidenbaum
Center For Study of American Business
Washington University
Thurow
Donald Ratajczak
Georgia State University
Reagan tax plan reshapes corporate cash flow effects
Analysts foresee varied impacts across sectors as depreciation schedules tighten. Labor and small-suppliers driven firms may gain cash flow while capital-heavy and service firms feel tax timing pressures. R&D credits extended. software firms praise, hardware firms seek retention. Competing views on overall cash flow depend on investment level and profits.
MENTIONED IN THIS ARTICLE
Reagan
Joseph Carson
Merrill Lynch Eco
Investors hail capital gains tax break in revision
Executives in the securities industry welcomed the capital gains preference as the single most important tax break. Robert F. Shapiro of Wertherim & Co. called it favorable for the stock market and economy, though others warned of uncertain broader effects and the plan’s overall investment income treatment. Venture capital leaders also praised the retained differential but said detailed study is needed to assess the package fully.
MENTIONED IN THIS ARTICLE
America
U.S
David Henson
Caterpillar Tractor Co
Peoria
Robert H. Malott
FMC Corp
James A. Gray
National Machine Tool Builders’ Association
General Motors
Technolo
Japan
Sig Mosley
Management Science America
Association of Data Processing Service Organizations
Commission On Industrial Competitiveness
Rod Cannon
Compaq Computer Corporation
Reagan
Robert F. Shapiro
Wertheim & Co
Securities Industry Association
Shapiro
Wall Street
Mark Melcher
Washington
Prudential Bache Securities Inc
Christopher Brody
National Venture Capital Association
Tax plan may reshape bank losses and life insurance
Banking experts warn the president’s tax proposals could force banks to reverse loan loss reserves over ten years, reduce tax benefits, and push some to accelerate charge-offs. The plan would tax life insurance value earlier, end income shifting trusts, and tighten tax exempt municipal bonds, potentially raising local taxes and shifting to taxable issuances.
MENTIONED IN THIS ARTICLE
Martin F. Mertz
Peat Marwick
Mertz
New York
Deborah Walker
Reagan
Treasury
Robert C. Winters
Prudential Insurance Co
George Bernard Jr
Boston
Moseley, Hallgarten, Estabrook & Weeden Securities
Aaron Gurwitz
Salomon Brothers Inc
Bernard
Neal H. Attermann
Public Securities Association
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Nomics Inc
Steven J. Leifer
Ernst & Whinney
Leifer
Carson
Lafarge
LeaRnis
LeeEnt
Bradley-Gephardt
Kemp-Kasten
U.sah
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