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Princeton University Press

The Power to Destroy : How the Antitax Movement Hijacked America

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Product Code: 9780691225548
ISBN13: 9780691225548
Condition: New
$29.95
$27.45
Sale 8%
How the antitax fringe went mainstream?nd now threatens America? future The postwar United States enjoyed large, widely distributed economic rewards?nd most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a ?econd American Revolution,?setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy, Michael Graetz tells the story of the antitax movement and how it holds America hostage?ndermining the nation? ability to meet basic needs and fix critical problems. In 1819, Chief Justice John Marshall declared that the power to tax entails ?he power to destroy.?But The Power to Destroy argues that tax opponents now wield this destructive power. Attacking the IRS, protecting tax loopholes, and pushing tax cuts from Reagan to Donald Trump, the antitax movement is threatening the nation? social safety net, increasing inequality, ballooning the national debt, and sapping America? financial strength. The book chronicles how the movement originated as a fringe enterprise promoted by zealous outsiders using false economic claims and thinly veiled racist rhetoric, and how?betted by conservative media and Grover Norquist? ?axpayer protection pledge"?t evolved into a mainstream political force. The important story of how the antitax movement came to dominate and distort politics, and how it impedes rational budgeting, equality, and opportunities, The Power to Destroy is essential reading for understanding American life today.


Author: Michael J. Graetz
Publisher: Princeton University Press
Publication Date: Feb 13, 2024
Number of Pages: 368 pages
Language: English
Binding: Hardcover
ISBN-10: 0691225540
ISBN-13: 9780691225548

The Power to Destroy : How the Antitax Movement Hijacked America

$29.95
$27.45
Sale 8%
 
How the antitax fringe went mainstream?nd now threatens America? future The postwar United States enjoyed large, widely distributed economic rewards?nd most Americans accepted that taxes were a reasonable price to pay for living in a society of shared prosperity. Then in 1978 California enacted Proposition 13, a property tax cap that Ronald Reagan hailed as a ?econd American Revolution,?setting off an antitax, antigovernment wave that has transformed American politics and economic policy. In The Power to Destroy, Michael Graetz tells the story of the antitax movement and how it holds America hostage?ndermining the nation? ability to meet basic needs and fix critical problems. In 1819, Chief Justice John Marshall declared that the power to tax entails ?he power to destroy.?But The Power to Destroy argues that tax opponents now wield this destructive power. Attacking the IRS, protecting tax loopholes, and pushing tax cuts from Reagan to Donald Trump, the antitax movement is threatening the nation? social safety net, increasing inequality, ballooning the national debt, and sapping America? financial strength. The book chronicles how the movement originated as a fringe enterprise promoted by zealous outsiders using false economic claims and thinly veiled racist rhetoric, and how?betted by conservative media and Grover Norquist? ?axpayer protection pledge"?t evolved into a mainstream political force. The important story of how the antitax movement came to dominate and distort politics, and how it impedes rational budgeting, equality, and opportunities, The Power to Destroy is essential reading for understanding American life today.


Author: Michael J. Graetz
Publisher: Princeton University Press
Publication Date: Feb 13, 2024
Number of Pages: 368 pages
Language: English
Binding: Hardcover
ISBN-10: 0691225540
ISBN-13: 9780691225548
 

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