The Wave of Austerity

Bethell, Tom
December 1982
National Review;12/10/1982, Vol. 34 Issue 24, p1534
The article comments on the austerity of taxation in the U.S. The House of Representatives voted to withhold taxes on dividend and interest income. Taxes were raised and there is consensus among politicians demanding the administration of U.S. President Ronald Reagan that the taxes must be raised once again. Unemployment in the U.S. is rising and politicians demand that make-work be created to solve the problem which means that more taxes must be raised.


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