000			01430nam a22001817a 4500
008			190313s1960 wau gr 000 0 eng d
082			_a336.29 _bKIM
100			_aKimmel, Lewis Henry
245			_aA Federal tax program to promote economic stability and growth/
260			_aWashington _b Brookins Institution _c1960
520			_aFederal tax policy is no longer based on the as sumption that an annually balanced budget is essential. In creasing taxes to maintain budgetary balance during a recession or depression would be construed as a perverse approach to fiscal policy. The built-in stabilizing features of the tax struc ture are regarded favorably by economists, members of Con gress, and government officials. Federal tax policy can be helpful in preventing or controlling inflation. Not all inflation ary situations can be controlled by increases in taxes; marked rises in taxes in themselves have dislocating effects. Sharp changes in federal expenditures have been more important as an inflation-making factor than postwar deficits. The bases for the personal and corporate income taxes should be strength ened. Inclusion of sources of income now excluded and the elimination of various forms of favored treatment would permit appreciable reductions in tax rates.
590			_aaia 13/03/2019
591			_aLoans
600			_aTaxation
650			_aUnited states
942			_2ddc _cBOOK
949			_a336.29 KIM
999			_c15087 _d15087