The Kennedy-Johnson Tax Cut

Download or read book The Kennedy-Johnson Tax Cut written by Martin F. J. Prachowny and published by Edward Elgar Publishing. This book was released on 2000 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prachowny (economics, Queen's U., Kingston, Canada) challenges the position that the 1964 Kennedy-Johnson tax cut was an exemplary application of Keynesian stabilization policy, exposing the haphazard planning, simplistic economic theorizing, irreconcilable numerical projections, and partisan political influences on the Council of Economic Advisers. Emphasis is placed on the decisions, advice, and actions of the three Chairmen of the Council during the 1960s (Heller, Ackley, and Okun), based on their memoranda and confidential reports. Of likely interest to macroeconomists, as well as scholars and students interested in economic history and policy. Annotation copyrighted by Book News, Inc., Portland, OR