|
Product 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 in America--unlike in the rest of the advanced industrial world—progressive policies are not embedded within a larger political economy that is favorable to business. 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 United State. Meanwhile, the United States emerged from World War II with high taxes on capital and some of the strongest regulations on business in the advanced industrial world. This adversarial political economy could not survive the economic crisis of the 1970s.
Starving the Beast suggests that taking inspiration from the European model of progressive policies embedded in market-promoting political economy could serve to build an American economy that works better for all.
Customers Who Bought This Item Also Bought
- Prius or Pickup?: How the Answers to Four Simple Questions Explain America's Great Divide
- The Government-Citizen Disconnect
- Why Cities Lose: The Deep Roots of the Urban-Rural Political Divide
- The Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay
- How Democracies Die
- Indebted: How Families Make College Work at Any Cost
- State Capture: How Conservative Activists, Big Businesses, and Wealthy Donors Reshaped the American States -- and the Nation
- The Hamlet Fire: A Tragic Story of Cheap Food, Cheap Government, and Cheap Lives
- Information Wars: How We Lost the Global Battle Against Disinformation and What We Can Do About It
- California Greenin': How the Golden State Became an Environmental Leader (Princeton Studies in American Politics: Historical, International, and Comparative Perspectives)
*If this is not the "Starving the Beast: Ronald Reagan and the Tax Cut Revolution" product you were looking for, you can check the other results by clicking this link. Details were last updated on Nov 14, 2024 19:24 +08.