Economic
Report
ofthe
President
Transmitted to the Congress February 2006
Together with the Annual Report
of the Council of Economic Advisers
Economic Report of the President | i
Economic Report
of the President
For sale by the Superintendent of Documents, U.S. Government Printing Office
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ISBN 0-16-075418-6
Transmitted to the Congress
February 2006
together with
THE ANNUAL REPORT
of the
COUNCIL OF ECONOMIC ADVISERS
UNITED STATES GOVERNMENT PRINTING OFFICE
WASHINGTON : 2006
C O N T E N T S
ECONOMIC REPORT OF THE PRESIDENT..............................................
ANNUAL REPORT OF THE COUNCIL OF ECONOMIC ADVISERS*.....
CHAPTER 1. THE YEAR IN REVIEW AND THE YEARS AHEAD .............
CHAPTER 2. SKILLS FOR THE U.S. WORKFORCE ...................................
CHAPTER 3. SAVING FOR RETIREMENT .................................................
CHAPTER 4. IMPROVING INCENTIVES IN HEALTH CARE
SPENDING......................................................................................................
CHAPTER 5. THE U.S. TAX SYSTEM IN INTERNATIONAL
PERSPECTIVE.................................................................................................
CHAPTER 6. THE U.S. CAPITAL ACCOUNT SURPLUS............................
CHAPTER 7. THE HISTORY AND FUTURE OF INTERNATIONAL
TRADE.............................................................................................................
CHAPTER 8. THE U.S. AGRICULTURAL SECTOR ....................................
CHAPTER 9. THE U.S. FINANCIAL SERVICES SECTOR ..........................
CHAPTER 10. THE ROLE OF INTELLECTUAL PROPERTY IN THE
ECONOMY .....................................................................................................
CHAPTER 11. RECENT DEVELOPMENTS IN ENERGY...........................
APPENDIX A. REPORT TO THE PRESIDENT ON THE ACTIVITIES
OF THE COUNCIL OF ECONOMIC ADVISERS DURING 2005.............
APPENDIX B. STATIST