Tax History: The Nixon Shock: Tax Cuts And A Public Campaign Financing Checkoff
Joseph J. Thorndike examines President Richard Nixon’s “Shock” speech of 1971 that proposed tax cuts, wage freezes, price controls, and suspended the convertibility of the U.S. dollar to gold — all in an effort to fight inflation.
Joseph J. Thorndike examines President Richard Nixon’s “Shock” speech of 1971 that proposed tax cuts, wage freezes, price controls, and suspended the convertibility of the U.S. dollar to gold — all in an effort to fight inflation.
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