Deficits, Debt, and the New Politics of Tax Policy (Hardcover, New)

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."

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Release date:	November 2012
First published:	November 2012
Authors:	Dennis S. Ippolito
Dimensions:	229 x 152 x 21mm (L x W x T)
Format:	Hardcover
Pages:	302
Edition:	New
ISBN-13:	978-1-107-01727-6
Categories:	Books > Social sciences > Politics & government > Central government > Central government policies Books > Business & Economics > Finance & accounting > Finance > Public finance > Taxation Books > Money & Finance > Public finance > Taxation
LSN:	1-107-01727-0
Barcode:	9781107017276

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