This chapter reviews the recent scholarly literature on fiscal policy in the American states, focusing on several important topics: (1) size and growth of the public sector in the states; (2) how states determine expenditure and revenue priorities; (3) the politics of state budget deficits and...
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These numbers were a tremendous blow for the post-war aims of social policy. Poverty in such a magnitude would essentially mean that, for the poor, almost nothing had changed since the New Deal and that, if ‘new strategies’ weren’t deployed, this ‘hidden’ America would ‘irrevocably st...
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measures to address climate change; Dell Technologies' dependence on the services of Michael Dell and key employees; Dell Technologies' level of indebtedness; and business and financial factors and legal restrictions affecting continuation of Dell Technologies' quarterly cash div...
At the height of the Depression, President Franklin D. Roosevelt holds the record for the fastest-growing U.S. fiscal deficits. The New Deal policies designed to pull America out of theGreat Depression, combined with the need to finance the country’s entry into World War II, drove the fed...
The Tax Policy Center reported that middle-income families would pay an average of $2,000 more in taxes in 2013. Phaseouts were added to manyitemized deductionsand popular tax credits like theearned income credit(EITC),child tax credit, andAmerican opportunity credits(AOTC) were to be reduced...
A crucial concept in economics is themultiplier effect, especially in the context of fiscal policy. It refers to the magnified impact that a change in government spending, taxation, or investment has on overall economic activity. The effect operates through a series of interconnected spending and i...