Funding the Modern American State, 1941-1995: The Rise and Fall of the Era of Easy Finance (Woodrow Wilson Center Press)

Cambridge University Press
Edition: Revised ed., 2/13/2003
EAN 9780521531146, ISBN10: 0521531144

Paperback, 480 pages, 22.9 x 15.2 x 3 cm
Language: English
Originally published in English

The contemporary 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; analyze the politics of post-1941 tax reform; and apply history to a consideration of the dynamics that are likely to characterize future tax regimes. The contributors are convinced that understanding the long-term development of American taxation and public finance will help policy makers determine the possibilities and constraints that must be taken in account in evaluating, and possibly reforming, the ways in which the nation pays for government.

Part I. Introduction
Methodological and Historical
1. Reflections on the history of taxation
2. Tax regimes, national crises, and state-building in America
Taxation for War, Social Security, and Economic Stability
3. Mass-based income taxation
creating a taxpaying culture, 1940-1952
4. Social security and the financing of the American state
5. The fiscal revolution in America
Part II. 1964 to 1994
Tax Reform and the Political Process
6. Learning the ways and means
Wilbur Mills and a fiscal community, 1954-1964
7. American business and the taxing state
alliances for growth in the postwar period
The Next Revenue Regime
8. Financing the American state at the turn of the century.