General Revenue Sharing: Hearings Before... |
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Page 40
... tax credit for the State and local income taxes they pay . This approach , we believe , is substantially inferior to revenue sharing . Tax credits are , in the first instance , tax relief to taxpayers , not to needy local governments ...
... tax credit for the State and local income taxes they pay . This approach , we believe , is substantially inferior to revenue sharing . Tax credits are , in the first instance , tax relief to taxpayers , not to needy local governments ...
Page 41
... income tax . As Figure 1 makes clear , the Federal Government has a virtual monopoly on the income tax . This fact takes on ex- treme significance when we realize that the income tax is the revenue producer most sensitive to economic ...
... income tax . As Figure 1 makes clear , the Federal Government has a virtual monopoly on the income tax . This fact takes on ex- treme significance when we realize that the income tax is the revenue producer most sensitive to economic ...
Page 49
... TAX CREDITS FOR STATE AND LOCAL TAXES PAID Another alternative to revenue sharing is the proposal that taxpayers be al- lowed to credit some portion of their state and local income taxes against their Federal income tax liability . A ...
... TAX CREDITS FOR STATE AND LOCAL TAXES PAID Another alternative to revenue sharing is the proposal that taxpayers be al- lowed to credit some portion of their state and local income taxes against their Federal income tax liability . A ...
Page 128
... revenue sharing will loudly applaud your statement with respect to progressive and regressive taxes . Mr. CONABLE . So that this issue does have a good deal to do with the tax reform that this committee has been committed to in the past ...
... revenue sharing will loudly applaud your statement with respect to progressive and regressive taxes . Mr. CONABLE . So that this issue does have a good deal to do with the tax reform that this committee has been committed to in the past ...
Page 141
... income tax re- ceipts ? And isn't it a pretty good rule of thumb that as your gross national product goes up 1 percent your personal income tax receipts go up about 1.5 percent ? Secretary CONNALLY . Yes , sir . Mr. BROTZMAN . So that ...
... income tax re- ceipts ? And isn't it a pretty good rule of thumb that as your gross national product goes up 1 percent your personal income tax receipts go up about 1.5 percent ? Secretary CONNALLY . Yes , sir . Mr. BROTZMAN . So that ...
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Common terms and phrases
$5 billion administration allocation amount bill budget burden BURKE BYRNES capita CAREY categorical grants Chairman Mills Citizens Committee cochairman Committee for Revenue communities CONABLE Congressman CORMAN costs director distribution dollars economic ernment expenditures Federal Government Federal revenue Federal system Federal tax finance fiscal formula GIBBONS going Governor grants-in-aid GRIFFITHS increase Intergovernmental June 14 legislation legislature letter dated June level of government levy local governments localities Massachusetts Mayor ment metropolitan areas municipal Nassau County officials Ohio payments percent personal income police population president problems property tax proposal question raise regressive tax Representative in Congress responsibility revenue sharing revenue-sharing sales tax SCHNEEBELI Secretary CONNALLY Senator MUSKIE spending statement talking tax base tax credit tax effort taxation taxpayers Thank tion U.S. Conference U.S. Senator ULLMAN urban VANIK WAGGONNER welfare York City
Popular passages
Page 166 - State in which such national forest is situated, to be expended as the state legislature may prescribe for the benefit of the public schools and public roads of the county or counties in which such national forest is situated...
Page 7 - General, or any of his assistants or employees, when duly authorized by him, shall, for the purpose of securing such information, have access to and the right to examine any books, documents, papers, or records of any such department or establishment.
Page 507 - It is useless for the advocates of State rights to inveigh against the supremacy of the constitutional laws of the United States, or against the extension of national authority in the fields of necessary control where the States themselves fail in the performance of their duty.
Page 17 - Secretary as to the facts, if supported by substantial evidence, shall be conclusive, but the court, for good cause shown, may remand the case to the Secretary to take further evidence, and the Secretary may thereupon make new or modified findings of fact and may modify his previous action, and shall file in the court the record of the further proceedings.
Page 9 - Commissioner thereupon shall file in the court the record of the proceedings on which he based his action, as provided in section 2112 of title 28, United States Code.
Page 17 - No objection to the order of the Secretary shall be considered by the court unless such objection shall have been urged before the Secretary or unless there were reasonable grounds for failure so to do. The finding of the Secretary as to the facts, if supported by substantial evidence, shall be conclusive.
Page 9 - ... the court the record of the further proceedings. Such new or modified findings of fact shall likewise be conclusive If supported by substantial evidence.
Page 59 - Whether wisdom or unwisdom resides in the scheme of benefits set forth in Title II, it is not for us to say. The answer to such inquiries must come from Congress, not the courts. Our concern here, as often, is with power, not with wisdom.
Page 18 - State government or unit of general local government is engaged in a pattern or practice in violation of the provisions of this section, the Attorney General may bring a civil action in any appropriate United States district court for such relief as may be appropriate, including injunctive relief.
Page 9 - Upon the filing of such petition, the court shall have jurisdiction to affirm the action of the Secretary or to set it aside, in whole or in part. The...