Abstract

The Tax-Cut Mirage
Altman, George T. | February 16, 1963 issue

add to cart   close window

The U.S. President's "across-the-board" tax-cut proposal contains a hidden tilt, the effect of which is to increase, the spendable income of the few at the expense of the many. The high federal budget which began with World War II, but did not end with the war, lifted profits and incomes of the investor and manager groups into the stratosphere, from which they were supposedly pulled down by a sharply inclined scale of tax rates, going all the way up to 91 per cent. The President's message conceals the manner in which his tax proposals favor the rich by stating only the tax saving, not the "take-home" effect, in dealing with, the bottom brackets, and avoiding the use of percentage terminology in dealing with the higher brackets.

See Also:

TAX rebates; TAXATION -- United States; PRESIDENTS -- United States; ECONOMIC policy; WAR -- Economic aspects; UNITED States
ARCHIVE HOME
Pricing
Articles are sold in 'packs,' which are priced as follows:

1 for 2.95
4 for 9.95
10 for 19.95
50 for 34.95
300 for 149.95
Refund Policy
Sales of archive individual articles, full issues or article packs are final and no refunds will be issued.
Access for libraries
help
Search
Browse
Sample Article

In Your Cart

Your cart is empty.

My Articles

You must be logged in to view your articles.

User name

Password

I don't have a login.

I forgot my user name/password.
Advertisement
Advertisement

Blogs

» The Beat

Another Helping of FDR Please | Obama should follow the New Deal president's example and make his Thanksgiving Proclamation a call for economic justice.
John Nichols
14 Comments

» Editor's Cut

Filibuster Follies | "The filibuster has become a cancer growing inside the world's greatest deliberative body."
Katrina vanden Heuvel
74 Comments

» The Notion

Bad Black Mothers | For African American women, reproduction has never been an entirely private matter.
Melissa Harris-Lacewell
88 Comments

» Act Now!

Coal Country | Stunning film reveals new dimensions to the cost of America's over-reliance on coal.
Peter Rothberg
105 Comments

» The Dreyfuss Report

A Kingdom of Bicycles No Longer | China's ambassador for climate change speaks on the eve of the Copenhagen summit meeting.
Robert Dreyfuss
58 Comments