Funding the Modern American State, 1941-1995: The Rise and Fall of the Era of Easy Finance
The current fiscal crisis faced by the American federal government represents the end of a fiscal regime that began with the financing of World War II. In this volume, an inter-disciplinary group of scholars explores the history of American taxation and public finance since 1941 in an attempt to understand the political, social and economic forces that have shaped the current regime. Specifically, they examine the historical context of earlier tax regimes and national crises; explore the ways post-1941 governments used taxation to finance war, social security, and economic stability; and analyze the politics of post-1941 tax reform.
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87th Cong administration American balancing the budget benefits bill billion budget deficits capital chairman Cohen Papers Congress congressional corporate December Democratic Douglas Dillon economic growth economists effect expand experts federal government federal tax financing fiscal policy full-employment funds goal groups Herbert Stein high employment House ideas income tax income taxation income-tax industry inflation interest Internal Revenue interview investment January JFKL Kennedy Library Keynesian Lawrence O'Brien legislation March Means Committee Medicare Memorandum ment Mills's Morgenthau Diaries Nixon percent policymakers political postwar president Presidential Office Files progressive tax proposed Reagan Report Republican Revenue Act Roosevelt Secretary Senate spending staff Stein Steuerle strategy surplus Surrey tax cuts tax expenditures tax increase tax policy tax rates tax reduction tax reform tax regime tax system taxpayers Treasury University Press Walter Heller Washington Wilbur Cohen Wilbur Mills WMPC World World War II York
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