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Discusses the role of Richard Nixon in the economic activities following his election to the Presidentship of the United States. Overview of the economic performance of the country after the exit of former President Lyndon Johnson; View that Nixon's economic performance should be measured by how well he gets at this unfinished business without giving up past gains; Information on the sound appointments made by Nixon to the key economic posts; Proposal of the President to halve the surtax next January and hopes to eliminate it six months later; Raise of Social Security taxes by $3 billion on January 1 with no offsetting jump in benefit payments; Need of attempts to involve the private !sector and other levels of government through general tax preferences.

Discusses the arguments made by the liberal members of the U.S. Senate regarding the possible ratification of a tax reform legislation. Argument that a tax code with a top rate of just 27 percent cannot be progressive; Observation that the loss of tax subsidies for low-income housing and of real estate tax breaks will lead to less housing and higher rents; Impact of limits on individual retirement accounts on working families.

Presents several letters to the editor referencing articles and topics published in previous issues. Comments on the article titled "Industries in Distress," published in the May 9 issue; Analysis of problems related to tariffs and quotas; Views on the article titled "Cool Millions," published in the May 16 issue; View that tax deduction only has value if one is in a high tax bracket; Evaluation of the strategy of the Amnesty International.

The article discusses the efforts of Edward Kennedy, a United States Senator from Massachusetts, to establish a congressional procedure for the annual review of tax breaks. Left unreviewed, these tax breaks, also known as tax expenditures, constitute an ever-growing drain on the U.S. federal budget. Examples given include tax breaks for the blind, oil drillers, users of day care and ranchers.

Focuses on various socio-political issues in the U.S. Denouncement made by columnist James J. Kilpatrick to the critics of William Bradford Reynolds, U.S. President Ronald Reagan's nominee to be associate attorney general; Criticism faced by Representative Jack Kemp when he restored to his tax-reform bill two generous tax subsidies for oil and gas interests; Lack of possibility of the presence of American prisoners of war in Vietnam; Effort of the American Enterprise Institute in holding a reception in Washington this week for the special adviser to Habib Bourguiba, the president of Tunisia.

Focuses on the calls to abolish the individual retirement accounts (IRA) in the U.S. Decrease of the American savings rate; Government's paying out of more money through the tax subsidy than the additional private savings that the subsidy induces; Qualification for the tax break by shifting the form in which one hold existing savings; IRA tax preference; Illustration of the political risks of privatization; Economic trade-off between equality and efficiency.

Focuses on the Democratic response to U.S. President, Ronald Reagan's economic plan. Declaration by the Reaganites that they have a mandate for a leaner government and a more productive economy; Comments of Daniel Rostenkowski, chairman of the House Ways and Means Committee, on policies related to tax rates and investments; Presentation of the Democrats' alternative spending proposal from Chairman James R. Jones and his colleagues on the House Budget Committee; Assertion by the Democrats that the new era of budget stringency must not exclude tax expenditures.

Presents letters to the editor referencing articles and topics discussed in previous issues. Opinion on the U.S. government's decision to cancel several tax expenditures; Proposal for resolution of the racial crisis in the U.S.; Peace initiative undertaken by the U.S. in the Middle East.

Comments on the economic recession in the U.S. Need for a drastic remodeling of the federal tax-expenditure structure; Improvements in consumption outlays and promotion of per worker productivity; Implications on economic policy.

Comments on Treasury Secretary Donald Regan's tax reform plan. Reference to the charitable institutions' fight to preserve the tax break for donations of appreciated property; Shift of the labor burden from labor to capital in the plan; Explanation on how a wealthy taxpayer can now donate a property for a net cost of as little as 32 cents on the dollar.

Faults on the tax subsidy program of U.S. President Richard Nixon. Reason behind his withdrawal from his position on tax incentives; Difference between the Republican and Democratic candidates views on economic policy; Cost of the tax incentives proposed by the Republican Party platform.

Comments on issues and events related to U.S. government and politics as of August 13, 1966. Argument supporting the disarming of civilians to prevent crimes; Claim that a wage increase would come from unorganized labor; Guidelines on inflation from U.S. President Lyndon B. Johnson's government; Recommendation of economist Doctor Arthur Burns regarding tax subsidy for business.

Discusses the challenges that will be confronted by United States President Richard Nixon if he wins the 1972 Presidential election. Budget deficit in the fiscal year ending June 1971; Need for Nixon to raise taxes; Solution to race discrimination; Offering of tax subsidies to industries that will build plants in central cities; Transformation of the Supreme Court.