Taking fiscal policy out of the postwar United States fiscal constitution: An examination of the Kennedy Tax Cut of 1964 and the Gramm-Rudman Act of 1985.
Item
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Title
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Taking fiscal policy out of the postwar United States fiscal constitution: An examination of the Kennedy Tax Cut of 1964 and the Gramm-Rudman Act of 1985.
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Identifier
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AAI9431357
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identifier
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9431357
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Creator
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Gordon, Cameron Elliott.
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Contributor
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Adviser: Michael Edelstein
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Date
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1994
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Language
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English
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Publisher
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City University of New York.
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Subject
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Economics, History | Political Science, General
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Abstract
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This dissertation argues that fiscal activism--the use of tax and expenditure mechanisms to counteract fluctuations in the business cycle--peaked with the passage of the Kennedy Tax Cut in 1964 and then ended completely with the passage of the Emergency Balanced Budget and Deficit Control Act of 1985, otherwise known as the Gramm-Rudman Act. In addition, it is argued that although fiscal activism was used heavily in America roughly between 1965 and 1980, that it was never a fully accepted policy regimen even during this heydey.;To examine this hypothesis in greater detail, The Congressional debates over the Kennedy Tax Cut and Gramm-Rudman are analyzed; regional, economic and demographic patterns in the constituencies behind the winning and losing coalitions are examined; characteristics of Congressional institutions are described; and macroeconomic and budgetary performance over the period is assessed. Also broad patterns in budget process and tax and expenditure acts over the postwar period are detailed. The concept of a fiscal constitution--a set of formal and informal rules governing the raising and spending of revenue and the balance between the two--is used to organize the inquiry.
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Type
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dissertation
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Source
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PQT Legacy CUNY.xlsx
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degree
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Ph.D.
