Foreign Affairs Article

PrintPrint CiteCite
Style: MLAAPAChicago Close


America the Undertaxed

U.S. Fiscal Policy in Perspective

Author: Andrea Louise Campbell
September/October 2012
Foreign Affairs


Compared with other developed countries, the United States has very low taxes, little income redistribution, and an extraordinarily complex tax code. If it wanted to, the government could raise taxes without crippling growth or productivity. Tax reform is ultimately a political choice, not an economic one—a statement about what sort of society Americans want.

Request permission to republish or photocopy this Foreign Affairs article.

Read full article at

More on This Topic

Foreign Affairs Article

Big Ben

Author: Adam S. Posen

The biggest revelation offered by Ben Bernanke’s memoir of his time as chair of the U.S. Federal Reserve is just how much the public, the...

Foreign Affairs Article

What Caused the Crash?

Author: Athanasios Orphanides

Crises are an inevitable outgrowth of the modern capitalist economy. So argues Martin Wolf, chief economics commentator for the Financial...

Foreign Affairs Article

Can Economists Learn?

Author: Alan S. Blinder

A recent book of essays by top economists suggests that many of the lessons of the 2008 financial crisis were ones that should have been...