Monica Prasad

Prasad will write a book on the origins of the tax-cut movement, looking at how the decline of progressive taxation in the U.S. contributed to the revitalization of the Republican Party in the aftermath of Watergate. She will explore how the decline of progressive taxation and an unwillingness on the part of the political system to tolerate high tax rates on the wealthy has contributed to rising inequality. Using recently released archival sources, she will focus on the importance of tax cuts to the conservative resurgence, an issue that has been understudied in previous literature.