Paul L. Caron

Tuesday, February 5, 2008

War and Taxes

War_and_taxes_2Steven A. Bank (UCLA), Joseph J. Thorndike (Tax Analysts) & Kirk J. Stark (UCLA) have published War and Taxes (Urban Institute Press, 2008):

During World War II, Americans were urged to ration food, raise money, and accept higher taxes for the war effort.  After September 11, 2001, we were given tax cuts and asked to shop.  Has the United States broken a noble tradition of wartime fiscal sacrifice, or is the history more complex than political rhetoric would have us believe?  War and Taxes looks at six conflicts that span the American Revolution to the present war in Iraq.  "The history of America's tax system can be written largely as a history of America's wars," write the authors.  Whether the current, unprecedented wartime tax cuts are an anomaly or the mark of a new political, economic, and social forces at work remains to be seen. War and Taxes engagingly sorts fact from fiction to allow readers to draw their own conclusions.

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