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Author: John Logan Palmer
Publisher: The Urban Insitute
ISBN: 9780877663157
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
"A report of the Urban Institute's Changing Domestic Priorities Project"--Page ii."URI 34200"--T.p. verso. Includes bibliographical references.
Author: John Logan Palmer
Publisher: The Urban Insitute
ISBN: 9780877663157
Category : Business & Economics
Languages : en
Pages : 552
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Book Description
"A report of the Urban Institute's Changing Domestic Priorities Project"--Page ii."URI 34200"--T.p. verso. Includes bibliographical references.
Author:
Publisher:
ISBN:
Category : Federal-city relations
Languages : en
Pages : 162
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Book Description
Author:
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 264
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Book Description
Author: United States. Congress. Senate. Committee on the Budget
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 312
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Book Description
Author: Monica Prasad
Publisher: Russell Sage Foundation
ISBN: 1610448766
Category : Social Science
Languages : en
Pages : 337
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Book Description
Since the Reagan Revolution of the early 1980s, Republicans have consistently championed tax cuts for individuals and businesses, regardless of whether the economy is booming or in recession or whether the federal budget is in surplus or deficit. In Starving the Beast, sociologist Monica Prasad uncovers the origins of the GOP’s relentless focus on tax cuts and shows how this is a uniquely American phenomenon. Drawing on never-before seen archival documents, Prasad traces the history of the 1981 tax cut—the famous “supply side” tax cut, which became the cornerstone for the next several decades of Republican domestic economic policy. She demonstrates that the main impetus behind this tax cut was not business group pressure, racial animus, or a belief that tax cuts would pay for themselves. Rather, the tax cut emerged because Republicans believed that following World War II, Democrats had created an extremely durable power structure based on offering government programs to Americans, through which they were able to unify an otherwise fractious coalition of farmers, workers, and African Americans and retain control of Congress for four decades. Republicans were reduced to lecturing about balanced budgets, an issue that did not win them many elections. The Republican party began to see tax cuts as an opportunity to alter these basic building blocks of American power. If Democratic power was built out of government programs, Republicans found a new power source in offering tax cuts. Once it became clear that the resulting deficits could be financed by foreign capital, this program reoriented the Republican Party, transforming it from the party of fiscal rectitude into a party whose main domestic policy goal is reducing taxes. With one party promoting government programs to appeal to voters and the other party promoting tax cuts to appeal to voters, and neither party able to generate electoral coalitions around addressing more pressing political and economic problems, this history reveals problems at the heart of contemporary American democracy itself. Prasad suggests some ways forward. Since the end of World War II, many European nations have combined strong social protections with policies to stimulate economic growth such as lower taxes on capital and less regulation on businesses than in the U.S. Starving the Beast suggests that taking inspiration from this model of progressive policies embedded in market-promoting political economy could serve to build an American economy that works better for all.
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 506
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Author: David Stockman
Publisher: Public Affairs
ISBN: 1610392779
Category : History
Languages : en
Pages : 468
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Book Description
The former director of the Office of Management and Budget discusses in detail the battle to implement the Reagan revolution. Reissue. 15,000 first printing.
Author: Richard P. Nathan
Publisher: Princeton University Press
ISBN: 1400858836
Category : Political Science
Languages : en
Pages : 393
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Book Description
Here is the most thorough study to date on the impact of Ronald Reagan's policies on the states, especially the outcomes of his well-known budget cuts. A treasure trove of information that will be essential for interpretations of the Reagan presidency. Originally published in 1987. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Budget
Languages : en
Pages : 652
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Author: Michael Allen Meeropol
Publisher: University of Michigan Press
ISBN: 0472123521
Category : Business & Economics
Languages : en
Pages : 401
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Book Description
Michael Meeropol argues that the ballooning of the federal budget deficit was not a serious problem in the 1980s, nor were the successful recent efforts to get it under control the basis for the prosperous economy of the mid-1990s. In this controversial book, the author provides a close look at what actually happened to the American economy during the years of the "Reagan Revolution" and reveals that the huge deficits had no negative effect on the economy. It was the other policies of the Reagan years--high interest rates to fight inflation, supply-side tax cuts, reductions in regulation, increased advantages for investors and the wealthy, the unraveling of the safety net for the poor--that were unsuccessful in generating more rapid growth and other economic improvements. Meeropol provides compelling evidence of the failure of the U.S. economy between 1990 and 1994 to generate rising incomes for most of the population or improvements in productivity. This caused, first, the electoral repudiation of President Bush in 1992, followed by a repudiation of President Clinton in the 1994 Congressional elections. The Clinton administration made a half-hearted attempt to reverse the Reagan Revolution in economic policy, but ultimately surrendered to the Republican Congressional majority in 1996 when Clinton promised to balance the budget by 2000 and signed the welfare reform bill. The rapid growth of the economy in 1997 caused surprisingly high government revenues, a dramatic fall in the federal budget deficit, and a brief euphoria evident in an almost uncontrollable stock market boom. Finally, Meeropol argues powerfully that the next recession, certain to come before the end of 1999, will turn the predicted path to budget balance and millennial prosperity into a painful joke on the hubris of public policymakers. Accessibly written as a work of recent history and public policy as much as economics, this book is intended for all Americans interested in issues of economic policy, especially the budget deficit and the Clinton versus Congress debates. No specialized training in economics is needed. "A wonderfully accessible discussion of contemporary American economic policy. Meeropol demonstrates that the Reagan-era policies of tax cuts and shredded safety nets, coupled with strident talk of balanced budgets, have been continued and even brought to fruition by the neo-liberal Clinton regime." --Frances Fox Piven, Graduate School, City University of New York Michael Meeropol is Chair and Professor of Economics, Western New England College.
