The President & Fiscal Policy in 1966
The Year Taxes Were Not Raised
Bibliographic Data
| ID | 6356915 |
|---|---|
| Authors | Ronald F King (corresponding author) |
| Year | 1985 |
| Volume | 17 |
| Issue | 4 |
| Pages | 685-714 |
| Publication date | 1985-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Polity (JOURNAL) |
| Journal identifiers | ISSN: 0032-3497 • E-ISSN: 1744-1684 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.2307/3234570 |
| OpenAlex | W2329641708 |
| Language | EN |
| Citations received | 3 |
Despite mounting war costs and intensifying inflationary trends, and contrary to the counsel of his economic advisers, Lyndon Johnson did not seek a countercyclical tax increase in 1966. Using unpublished materials from the Johnson archives, Professor King reproduces here the sequence of recommendations and decisions to show why the fiscal policies adopted during that year looked plausible to the president. He argues that the political and institutional contexts in which Keynesian choices must be made tend to inhibit strong deflationary action under conditions of uncertainty and risk
Action (physics · Deflation · Economics · Fiscal policy · Keynesian economics · Monetary policy · Political economy · Political science · Politics · Economic Theory and Policy · Fiscal Policies and Political Economy · Law · Political and Economic history of UK and US
| Unique citing works | 3 |
|---|---|
| Citations per year | 0.08 |
| Citation span | 1987 - 2009 (23) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |