War and Taxes
Steven A. Bank, Kirk J. Stark, Joseph J. Thorndike, WAR AND TAXES, Urban Institute Press, 2008
20 Pages Posted: 2 May 2008 Last revised: 15 May 2008
During World War II, Americans were urged to ration food, raise money, and accept higher taxes. After September 11, we were given tax cuts and asked to shop. Has the United States broken a noble tradition of fiscal sacrifice with the current, unprecedented wartime tax cuts, or are they the mark of new economic and social forces at work? This piece, and the book from which it is drawn, War and Taxes, weighs the question by considering seven conflicts that span the American Revolution to the present war in Iraq.
Keywords: wartime economics, tax cuts, tax history, economic policies
JEL Classification: H30, H50
Suggested Citation: Suggested Citation