Transmitted to the Congress February 2004
Economic
Report
of the
President
Economic Report of the President | i
Economic Report
of the President
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ISBN 0-16-051539-4
Transmitted to the Congress
February 2004
together with
THE ANNUAL REPORT
of the
COUNCIL OF ECONOMIC ADVISERS
UNITED STATES GOVERNMENT PRINTING OFFICE
WASHINGTON : 2004
108th Congress, 2nd Session..............H. Doc. 108-145
C O N T E N T S
ECONOMIC REPORT OF THE PRESIDENT...............................................
ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS*......
OVERVIEW.......................................................................................................
CHAPTER 1. LESSONS FROM THE RECENT BUSINESS CYCLE .............
CHAPTER 2. THE MANUFACTURING SECTOR........................................
CHAPTER 3. THE YEAR IN REVIEW AND THE YEARS AHEAD ..............
CHAPTER 4. TAX INCIDENCE: WHO BEARS THE TAX BURDEN? .........
CHAPTER 5. DYNAMIC REVENUE AND BUDGET ESTIMATION..........
CHAPTER 6. RESTORING SOLVENCY TO SOCIAL SECURITY ...............
CHAPTER 7. GOVERNMENT REGULATION IN A FREE-MARKET
SOCIETY.........................................................................................................
CHAPTER 8. REGULATING ENERGY MARKETS .......................................
CHAPTER 9. PROTECTING THE ENVIRONMENT...................................
CHAPTER 10. HEALTH CARE AND INSURANCE......................................
CHAPTER 11. THE TORT SYSTEM...............................................................
CHAPTER 12. INTERNATIONAL TRADE AND COOPERATION.............
CHAPTER 13. INTERNATIONAL CAPITAL FLOWS ...................................
CHAPTER 14. THE LINK BETWEEN TRADE AND CAPITAL FLOWS......
APPENDIX A. REPORT TO THE PRESIDENT ON THE ACTIVITIES
OF THE COUNCIL OF ECONOMIC ADVISERS