TITLE

FISCAL FEDERALISM AND THE CHANGING GLOBAL ECONOMY

AUTHOR(S)
Strauss, Robert P.
PUB. DATE
September 1990
SOURCE
National Tax Journal;Sep90, Vol. 43 Issue 3, p315
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents the author's view on the United States fiscal federalism in a rapidly changing global economy. I am fairly pessimistic in the short run about what lies ahead for our federal, state, and local governments. The retreat of our central government from domestic policy, and the de facto establishment of do-it-yourself federalism, or bottoms-up federalism, in the 1980s has left the states in a badly confused frame of mind. For better or worse, policy invention in state capitals has been no more than a repetition of national themes: cut taxes or at least not raise them except in times of dire recession, and tell the next level of government that they are legally obligated to provide needed public services. The mandates of the 1980s coupled with some disastrous state deficits, based on capital gains revenue fantasies, have positioned the states in the 1990s for strained budgets and an increasingly edgy electorate worried about our collective ability to govern. The problems of domestic service and infrastructure needs remain, and it is not easy to envision, how, within our current constitutional framework and political environment these needs will be met. Despite evolution and the ingenuity of our courts and legislatures, the constitutional framework of some 200 years ago is based on economic, political, and administrative assumptions, political, and administrative assumptions which are now quite out of date.
ACCESSION #
9706062163

 

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