By John M. Quigley
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Extra resources for American Domestic Priorities: An Economic Appraisal
Government Printing Office. 1984. Survey of Current Business. Vol. 64. S. Government Printing Office. Chernick, H. 1979. " Pp. 81-103 in P. Mieszkowski and W. , Fiscal Federalism and Grants-in-Aid. : Urban Institute. 1982. " Journal of Policy Analysis and Management 1: 209-222. Council of Economic Advisors. 1984. Economic Report of the President, February, 1984. S. Government Printing Office. , and R. P. Inman. 1982. " Review of Economics and Statistics 64: 541-52. Forthcoming. " In H. , Studies in State and Local Public Finance.
60). 60). 8 billion. 1, column 7). Craig and Inman's (1984) analysis of the trust-fund exchange shows a similar, though slightly larger, decline in statelocal spending. Their equilibrium analysis predicts that the trust fundprogram swap will reduce state taxes by 6 percent (due to relaxed matching requirements), lower state education aid and total state welfare spending by 5 percent and 33 percent respectively, and leave other state spending virtually unchanged. The states' human resource budgets seem to bear the full brunt of the spending cuts.
There have been briefs for reforming the income tax, integrating it with the corporate tax, switching to a consumption tax, moving away from or toward a more progressive rate structure.
American Domestic Priorities: An Economic Appraisal by John M. Quigley