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- Title
A Tax-Sharing Plan Geared to Urban Renewal.
- Authors
Cord, Steven B.
- Abstract
The article discusses a tax sharing plan for urban renewal in the U.S. Many advantages have been claimed for federal-state tax-sharing. First, economic growth and a powerful tax system have generated ample new federal revenues. Secondly, inevitable confusion, inefficiency, and delay result when vast amounts and types of federal grants must be administered from Washington for a huge and varied country. A third advantage claimed for the tax-sharing idea is that it would preserve the independence and power of the states. It would remedy their chronic lack of funds and give them control over the various welfare programs operated within their boundaries and which are now controlled from Washington. On the other hand, the tax-sharing plan has not escaped criticism. It has been pointed out that if the states become accustomed to federal handouts, a basic and dangerous dependence on the federal government will be created. Secondly state legislatures are still rural-dominated, Supreme Court rulings to the contrary not withstanding, they can hardly be trusted to respond to urban needs. There is a certain lack of logic in taking tax revenues from the states and later returning some of it back to the states.
- Subjects
UNITED States; INTERGOVERNMENTAL tax relations; URBAN renewal; INTERNAL revenue; FEDERAL government; FINANCE
- Publication
American Journal of Economics & Sociology, 1968, Vol 27, Issue 2, p155
- ISSN
0002-9246
- Publication type
Article
- DOI
10.1111/j.1536-7150.1968.tb01036.x