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Republicans Fell in Love With Tax Cuts Thanks to Reagan - Bloomberg
At least, that’s what Northwestern University sociologist Monica Prasad concluded while working on her doctoral dissertation at the University of Chicago in the late 1990s. She had set out to show that the outsize role of money in U.S. politics, and the power that this gave to business groups, had led to the 1981 tax cuts. “There was only one problem,” she writes. “There was no such evidence.” Further research, enabled by the release of new archival materials from the Ronald Reagan Presidential Library, only strengthened this negative conclusion, which she lays out in her illuminating, important and in places charmingly droll new book “Starving the Beast: Ronald Reagan and the Tax Cut Revolution.”

What did drive the Reagan tax cuts, then? Mainly the hope that voters would like them, Prasad argues. There was widespread public dissatisfaction with taxes in the U.S. in the late 1970s — understandable as the U.S. depended more heavily on income taxes than other wealthy nations, and double-digit inflation pushed Americans into higher income tax brackets even as real earnings stagnated. There was even greater dissatisfaction with inflation itself. Presidential candidate Ronald Reagan (1) proposed cutting individual income tax rates across the board and (2) argued that this would reduce inflation, an unorthodox theory but one that, given that other efforts to slow the upward price spiral had so far failed, seemed to many like it might be worth trying. After Reagan won handily in 1980, the Democrats who retained control of the House of Representatives opted not to oppose the tax cuts. Business interests were able to get some tax changes they wanted added to the legislation, but many of those were rolled back in 1982 to combat rising deficits.

“The optimistic version of these findings is that the tax cut was a triumph of democracy,” Prasad writes. “Taxes had gone up to levels where people were dissatisfied with them, and politicians responded appropriately by lowering them.” Prasad is too much of an academic to fully embrace such optimism, but she use archival evidence and polling data to knock holes in other explanations ranging from business power to racism to ideological fervor. And really, the aspect of the 1981 tax legislation with the biggest long-term fiscal impact — the indexing of income tax brackets to inflation (proposed by Republican Senator Robert Dole and subsequently embraced by Reagan) — is kind of hard to depict as anything but a reasonable political response to a state of affairs that was causing hardship for many Americans.
research 
30 minutes ago by scritic
Semantic Scholar - An academic search engine for scientific articles
An academic search engine that utilizes artificial intelligence methods to provide highly relevant results and novel tools to filter them with ease.
aromatherapy  research 
33 minutes ago by ingekuijper
Why Doesn’t Diversity Training Work? | Anthropology Now
Corporate antibias training was stimulated by the civil rights movement of the 1950s and 1960s and legal reforms that movement brought about. Federal agencies took the lead, and by the end of 1971, the Social Security Administration had put 50,000 staffers through racial bias training. By 1976, 60 percent of big companies offered equal-opportunity training. In the 1980s, as Reagan tried to tear down affirmative action regulations and appointed Clarence Thomas to run the Equal Employment Opportunity Commission, trainers began to make a business case for what they called “diversity training.” They argued that women and minorities would soon be the backbone of the workforce and that employers needed to figure out how to better incorporate them. By 2005, 65 percent of large firms offered diversity training. Consultants have heralded training as essential for increasing diversity, corporate counsel have advised that it is vital for fending off lawsuits and plaintiffs have asked for it in most discrimination settlements [1].
research 
49 minutes ago by scritic
Modeling and Experimental Results for Condensing Supercritical CO2 Power Cycles
Interesting work on condensing backend supercritical CO2 power cycles. Notably, need a coldsink less than 31C for liquid recompression to work
condensing  supercritical  CO2  power  cycle  generator  research  technology  liquid  phase 
11 hours ago by asteroza

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