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Books > Social sciences > Politics & government > Central government > Central government policies
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Deficits, Debt, and the New Politics of Tax Policy (Paperback, New)
Loot Price: R936
Discovery Miles 9 360
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Deficits, Debt, and the New Politics of Tax Policy (Paperback, New)
Expected to ship within 12 - 17 working days
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The Constitution grants Congress the power to lay and collect
taxes, duties, imposts, and excises. From the First Congress until
today, conflicts over the size, role, and taxing power of
government have been at the heart of national politics. This book
provides a comprehensive historical account of federal tax policy
that emphasizes the relationship between taxes and other components
of the budget. It explains how wars, changing conceptions of the
domestic role of government, and beliefs about deficits and debt
have shaped the modern tax system. The contemporary focus of this
book is the partisan battle over budget policy that began in the
1960s and triggered the disconnect between taxes and spending that
has plagued the budget ever since. With the federal government now
facing its most serious deficit and debt challenge in the modern
era, partisan debate over taxation is almost completely divorced
from fiscal realities. Continuing to indulge the public about the
true costs of government has served the electoral interests of the
parties, but it precludes honest debate about the urgent task of
reconnecting taxes and budgets."
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