A01=Christopher Howard
After-Tax Income
Alvin Hansen
Austerity
Author_Christopher Howard
Bracket creep
Brookings Institution
Budget process
Budgetary policy
Casualty loss
Category=JKSB
Category=KFFD
Center on Budget and Policy Priorities
Consumer debt
Consumption tax
Corporatocracy
Deficit hawk
Deficit spending
Deposit insurance
Depreciation
Down payment
Earned income tax credit
Economics
Embezzlement
Employee Retirement Income Security Act
Employer of last resort
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
eq_society-politics
Expense
Family income
FHA insured loan
Financial crisis
Foreclosure
Fraud
Gift tax
Government bond
Hidden welfare state
Home mortgage interest deduction
Housing voucher
Imputed rent
Income
Income tax
Incremental Tax
Inflation
Itemized deduction
Jacob Hacker
Kickback (bribery)
Limited government
Low-Income Housing Tax Credit
Lump sum
Marginal propensity to consume
Muckraker
National Industrial Recovery Act
National Insurance
Negative income tax
Outsourcing
Pension
Pension fund
Personal exemption (United States)
Plutocracy
Poverty in the United States
Poverty reduction
Poverty threshold
Principal-agent problem
Profit (economics)
Public expenditure
Public finance
Recession
Regressive tax
Security agency
Shortage
Social protection
Social Security Act
Social Security Trust Fund
State formation
Structural unemployment
Subsidy
Tax
Tax avoidance
Tax credit
Tax cut
Tax expenditure
Tax incidence
Tax policy
Tax rate
Tax reform
Tax Relief
Tax shift
The Three Worlds of Welfare Capitalism
Unemployment
Unemployment benefits
War on Poverty
Welfare
Welfare fraud
Welfare reform
Welfare state
Withholding tax
Product details
- ISBN 9780691005294
- Weight: 397g
- Dimensions: 152 x 229mm
- Publication Date: 14 Mar 1999
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Paperback
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Despite costing hundreds of billions of dollars and subsidizing everything from homeownership and child care to health insurance, tax expenditures (commonly known as tax loopholes) have received little attention from those who study American government. This oversight has contributed to an incomplete and misleading portrait of U.S. social policy. Here Christopher Howard analyzes the "hidden" welfare state created by such programs as tax deductions for home mortgage interest and employer-provided retirement pensions, the Earned Income Tax Credit, and the Targeted Jobs Tax Credit. Basing his work on the histories of these four tax expenditures, Howard highlights the distinctive characteristics of all such policies. Tax expenditures are created more routinely and quietly than traditional social programs, for instance, and over time generate unusual coalitions of support. They expand and contract without deliberate changes to individual programs. Howard helps the reader to appreciate the historic links between the hidden welfare state and U.S. tax policy, which accentuate the importance of Congress and political parties.
He also focuses on the reasons why individuals, businesses, and public officials support tax expenditures. The Hidden Welfare State will appeal to anyone interested in the origins, development, and structure of the American welfare state. Students of public finance will gain new insights into the politics of taxation. And as policymakers increasingly promote tax expenditures to address social problems, the book offers some sobering lessons about how such programs work.
Christopher Howard is Assistant Professor of Government at the College of William and Mary.
