The Crisis in Federal Fiscal Affairs
Author :
Publisher :
Page : 4 pages
File Size : 12,61 MB
Release : 1962
Category : Fiscal policy
ISBN :
Bridging the Tax Gap
Author : Max Sawicky
Publisher :
Page : 160 pages
File Size : 15,49 MB
Release : 2005
Category : Business & Economics
ISBN :
Book Description
Offering thorough understanding of the crisis facing federal tax administration and suggesting practical approach to solving issues that have arisen.
The Fiscal Crisis of the State
Author : James O'Connor
Publisher : Routledge
Page : 458 pages
File Size : 46,30 MB
Release : 2017-07-12
Category : Political Science
ISBN : 1351482769
Book Description
Fiscal Crisis of the State refers to the tendency of government expenditures to outpace revenues in the U.S. in the late 1960s and early 1970s, but its relevance to other countries of the period and also in today's global economy is evident. When government expenditure constitutes a larger and larger share of total economy theorists who ignore the impact of the state budget do so at their own (and capitalism's) peril. This volume examines how changes in tax rates and tax structure used to regulate private economic activity. O'Connor theorizes that particular expenditures and programs and the budget as a whole can be understood only in terms of power relationships within the private economy. O'Connor's analysis includes an anatomy of American state capitalism, political power and budgetary control in the United States, social capital expenditures, social expenses of production, financing the budget, and the scope and limits of reform. He shows that the simultaneous growth of monopoly power and the state itself generate an increasingly severe social crisis. State monopolies indirectly determine the state budget by generating needs that the state must satisfy. The state administration organizes production as a result of a series of political decisions. Over time, there is a tendency for what O'Connor calls the social expenses of production to rise, and the state is increasingly compelled to socialize these expenses. The state has three ways to finance increased budgetary outlays: create state enterprises that produce social expenditures; issue debt and borrowing against further tax revenues; raise tax rates and introduce new taxes. None of these mechanisms are satisfactory. Neither the development of state enterprise nor the growth of state debt liberates the state from fiscal concerns. Similarly, tax finance is a form of economic exploitation and thus a problem for class analysis. O'Connor contends that the fiscal crisis of the capitalist state is the inev
Fiscal Policy for the Crisis
Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 39 pages
File Size : 40,40 MB
Release : 2008-12-29
Category : Business & Economics
ISBN : 1498333850
Book Description
The current crisis calls for two main sets of policy measures. First, measures to repair the financial system. Second, measures to increase demand and restore confidence. While some of these measures overlap, the focus of this note is on the second set of policies, and more specifically, given the limited room for monetary policy, on fiscal policy.
Final Report of the State Budget Crisis Task Force
Author : Richard Ravitch
Publisher :
Page : 31 pages
File Size : 17,84 MB
Release : 2014-02-24
Category :
ISBN : 9781457853036
Book Description
The State Budget Crisis Task Force was created in the aftermath of the global financial crisis to examine the increasingly perilous position of many states. In its initial report, the Task Force concluded that, "The existing trajectory of state spending, taxation, and administrative practices cannot be sustained. The basic problem... is structural. The time to act is now." A confluence of trends and circumstances placed state and local governments in a position of fiscal instability and undermined the ability of their economies to compete in the global marketplace. The Task Force studied the financial conditions in six states: California, Illinois, New Jersey, New York, Texas and Virginia. Some of the most serious problems detected were: Cash-based budgeting, which obscured state fiscal condition; the absence of meaningful multiyear financial planning; and budgets and financial reports that failed to set out the future costs of financial obligations already made. Without deep-seated reform in state government fiscal affairs or federal recognition of the strains on state and local budgets, the future health of America's communities and its economy are at great risk. This Final Report provides recommendations for solving and preventing financial problems. Figures. This is a print on demand report.
A Fiscal Cliff
Author : John Merrifield
Publisher : Cato Institute
Page : 590 pages
File Size : 39,79 MB
Release : 2020-10-20
Category : Political Science
ISBN : 1948647893
Book Description
"'A Fiscal Cliff' is precisely the right book for perilous fiscal times. Giants in economics and public policy offer a spirited defense of fiscal rules critically needed to protect our children and grandchildren from a bleak future." -Richard K. Vedder, Distinguished Professor of Economics Emeritus, Ohio University/p> The unsustainable, and still rapidly growing, U.S. federal government debt is a classic case of ‘'in denial.” Indeed, we are no closer to a solution to the debt crisis than we were ten years ago when the Simpson-Bowles Commission issued a report with recommendations to address the nation's debt crisis. The bipartisan Commission fell short of the supermajority vote required to submit their recommendations to Congress. President Trump declared a debt crisis, but didn't act like it. Various commissions and think tanks have made numerous recommendations. In 2019, a Congressional Committee was appointed to recommend budget process reforms, but that Committee could not agree on any recommendations to submit to Congress. While the dominant sentiment is that maybe if we ignore it, it will just go away, the debt crisis will not just vanish. A Fiscal Cliff: New Perspectives on the U.S. Debt Crisis is a timely addition to a critical policy discussion.
Navigating the Fiscal Challenges Ahead
Author : International Monetary Fund. Fiscal Affairs Dept.
Publisher : International Monetary Fund
Page : 92 pages
File Size : 20,26 MB
Release : 2010-05-13
Category : Business & Economics
ISBN : 1455280496
Book Description
With increasing fiscal challenges in the aftermath of the global financial crisis, multilateral surveillance of fiscal developments, a key part of the IMF's surveillance responsibilities, has gained further importance. In response, the Fiscal Monitor was launched in 2009 to survey and analyze the latest public finance developments, update fiscal implications of the crisis and medium-term fiscal projections, and assess policies to put public finances on a sustainable footing. Previous issues of the Monitor were published in the IMF's Staff Position Notes series, but starting with this issue, the Monitor will be a part of the IMF's World Economic and Financial Surveys series, to complement the overviews presented in the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR). The Fiscal Monitor is prepared twice a year by the IMF's Fiscal Affairs Department. The Monitor's projections are based on the same database used for the April 2010 WEO and GFSR. The fiscal projections for individual countries have been prepared by IMF desk economists, and, in line with the WEO guidelines, assume that announced policies will be implemented.
The Financial Crisis Inquiry Report
Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Page : 692 pages
File Size : 12,76 MB
Release : 2011-05-01
Category : Political Science
ISBN : 1616405414
Book Description
The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.
The Future of Federalism
Author : Richard Eccleston
Publisher : Edward Elgar Publishing
Page : 395 pages
File Size : 24,84 MB
Release : 2017-01-27
Category : Business & Economics
ISBN : 1784717789
Book Description
The crisis and its aftermath had a dramatic short-term effect on federal relations and, as the twelve case studies in this volume show, set in place a new set of socio-political factors that are shaping the longer-run process of institutional evolution and adaptation in federal systems. This illuminating book illustrates how an understanding of these complex dynamics is crucial to the development of policies needed for effective and sustainable federal governance in the twenty-first century.
Local Distress, State Surpluses, Proposition 13
Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on the City
Publisher :
Page : 800 pages
File Size : 11,64 MB
Release : 1978
Category : Finance, Public
ISBN :
