This authoritative and accessible analysis covers federal taxes and fiscal policy in the United States from the American Revolution to the present day. Brownlee connects the major stages of federal taxes to the crises that led to their acceptance, such as the founding of the republic, the Civil War, World Wars I and II, and the government issues that arose in the 1980s.
Brownlee has added four additional chapters to this third version, covering the colonial period, the American Revolution, the Civil War, the 1920s, and the post-1945 era, which includes the tax policies of the George W. Bush and Barack Obama administrations. It covers government spending, deficits and debt, public resources, counter-cyclical fiscal policy, and state and municipal taxes in more depth. Scholars, graduate students, and advanced undergraduate students will benefit from its multidisciplinary interpretation.
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