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04379aam a2200433 i 4500 001 4B7D414E2E0111EFA856D47D28ECA4DB 003 SILO 005 20240619010048 008 230607t20242024njua b 001 0 eng d 020 $a 0691225540 020 $a 9780691225548 035 $a (OCoLC)1381178105 040 $a YDX $b eng $e rda $c YDX $d BDX $d OCLCO $d FMG $d SO$ $d OCLCO $d JAS $d OCLCO $d TLK $d CPL $d SILO 043 $a n-us--- 050 4 $a HJ2381 $b .G734 2024 100 1 $a Graetz, Michael J., $e author. 245 14 $a The power to destroy : $b how the antitax movement hijacked America / $c Michael J. Graetz 246 10 $a How the antitax movement hijacked America 264 1 $a Princeton, New Jersey : $b Princeton University Press, $c [2024] 300 $a viii, 359 pages : $b illustrations ; $c 24 cm 520 $a How the antitax fringe went mainstream--and now threatens America's future! The postwar United States enjoyed large, widely distributed economic rewards--and most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a "second American Revolution," setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy, Michael Graetz tells the story of the antitax movement and how it holds America hostage--undermining the nation's ability to meet basic needs and fix critical problems. In 1819, Chief Justice John Marshall declared that the power to tax entails "the power to destroy." But The Power to Destroy argues that tax opponents now wield this destructive power. Attacking the IRS, protecting tax loopholes, and pushing tax cuts from Reagan to Donald Trump, the antitax movement is threatening the nation's social safety net, increasing inequality, ballooning the national debt, and sapping America's financial strength. The author chronicles how the movement originated as a fringe enterprise promoted by zealous outsiders using false economic claims and thinly veiled racist rhetoric, and how--abetted by conservative media and Grover Norquist's "taxpayer protection pledge"--it evolved into a mainstream political force. The important story of how the antitax movement came to dominate and distort politics, and how it impedes rational budgeting, equality, and opportunities, The Power to Destroy is essential reading for understanding American life today.--Publisher description. 504 $a Includes bibliographic references (pages 269-337) and index. 505 0 $a Reset from the right -- part I. Takeoff (1978-1981): A political earthquake ; Christian evangelicals join the antitax movement ; Prophets of the supply-side gospel ; Reganomics -- part II. Turbulence (1982-1994): Resistance ; An uneasy political marriage ; The triumvirate ; A President undone ; Showdown and shutdown -- part III. Resurgence (1997-2023): Moving the goalposts ; The apple sometimes falls far from the tree ; The nation splits apart ; Tax cuts are Trump ; Tax the rich? ; The end of American exceptionalism? 545 $a Michael J. Graetz is professor emeritus at Columbia Law School and Yale Law School and a leading authority on tax politics and policy. He served in the U.S. Treasury's Office of Tax Policy and is the author and coauthor of many books, including Death by a Thousand Cuts: The Fight over Taxing Inherited Wealth (Princeton) and The Burger Court and the Rise of the Judicial Right.--Author bio. 650 0 $a Taxation $z United States. 650 0 $a Taxation $x Moral and ethical aspects $z United States. 650 0 $a Taxation $x Political aspects $z United States. 650 0 $a Political planning $z United States $x Economic policy. 651 0 $a United States $x Politics and government $y 20th century. 651 0 $a United States $x Politics and government $y 21st century. 650 6 $a Impot $z Etats-Unis. 650 6 $a Impot $x Aspect moral $z Etats-Unis. 650 6 $a Impot $x Aspect politique $z Etats-Unis. 650 6 $a Politique publique $z Etats-Unis $x Politique economique. 651 6 $a Etats-Unis $x Politique et gouvernement $y 20e siecle. 651 6 $a Etats-Unis $x Politique et gouvernement $y 21e siecle. 941 $a 1 952 $l OVUX522 $d 20240619010719.0 956 $a http://locator.silo.lib.ia.us/search.cgi?index_0=id&term_0=4B7D414E2E0111EFA856D47D28ECA4DBInitiate Another SILO Locator Search