Author : Ajay K. Mehrotra
Release : 2013-09-30
Genre : Business & Economics
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Making the Modern American Fiscal State - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Making the Modern American Fiscal State write by Ajay K. Mehrotra. This book was released on 2013-09-30. Making the Modern American Fiscal State available in PDF, EPUB and Kindle. At the turn of the twentieth century, the US system of public finance underwent a dramatic transformation. The late nineteenth-century regime of indirect, hidden, partisan, and regressive taxes was eclipsed in the early twentieth century by a direct, transparent, professionally administered, and progressive tax system. This book uncovers the contested roots and paradoxical consequences of this fundamental shift in American tax law and policy. It argues that the move toward a regime of direct and graduated taxation marked the emergence of a new fiscal polity - a new form of statecraft that was guided not simply by the functional need for greater revenue but by broader social concerns about economic justice, civic identity, bureaucratic capacity, and public power. Between the end of Reconstruction and the onset of the Great Depression, the intellectual, legal, and administrative foundations of the modern fiscal state first took shape. This book explains how and why this new fiscal polity came to be.