Machine generated contents note: 1. A brief history of federal taxation; 2. The stable era -- World War II to the 1960s; 3. Destabilizing tax policy -- Vietnam and the 1970s; 4. The Reagan strategy -- balancing low; 5. The Clinton strategy -- balancing high; 6. Bush, Obama, and fiscal deadlock; 7. Reconnecting taxes and budgets.
Summary:
"This book provides a comprehensive historical account of federal tax policy that emphasizes the relationship between taxes and other components of the budget"-- Provided by publisher. "Comprehensive: examines the historical development of the federal tax system; explains the relative importance of income taxes, payroll taxes, and other taxes in the modern era; and discusses the fairness, economic efficiency, and revenue-raising characteristics of federal tax policy - Policy-focused: analyzes federal tax policy in its budget policy context; emphasizes how decisionmaking on taxes is affected by spending policy (defense and domestic) and by fiscal policy (deficits and debt); focuses on the politics of tax policy as reflected in Democratic and Republican party differences - Timely: appraises the adequacy of the current federal tax system in terms of future national security and entitlement commitments and the enormous deficit and problems the federal government now faces; contends that neither party is being truthful about the higher revenue levels that will be needed to fund government without excessive deficits or debt; argues that the tax system is indeed 'broken' a"-- Provided by publisher.
This resource is supported by the Institute of Museum and Library Services under the provisions of the Library Services and Technology Act as administered by State Library of Iowa.