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Understanding the Philosophical and Theoretical Bases for 25 Years of U.S. Tax Policy
Amy M. Hageman,
University of Central Florida
Vicky Arnold, University of Central Florida
Steve G. Sutton, University of Central Florida
ABSTRACT. This study explores the philosophical and theoretical bases driving U.S. tax policy for over 25 years in order to develop a comprehensive framework for evaluating both the intended and actual effect of tax law reforms. The framework provides the theoretical basis for explaining differential changes in tax equity across varying classes and income ranges of taxpayers. Further, the framework highlights the underlying social policy that heavily influences the manner in which tax policy decisions are made. Fundamental to this policy is a desire to protect wealth, reduce vertical equity, and skew expenditure programs away from need-based programs and public education. Overall, eleven propositions are presented that in tandem provide a comprehensive view of a complex social policy that continues to drive tax policy.
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