Calling Reagan's Bluff.

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.