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STATE FINANCE AND TAXING POLICIES
Author(s) -
Walzer Norman,
Gove Samuel K.
Publication year - 1981
Publication title -
review of policy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.832
H-Index - 45
eISSN - 1541-1338
pISSN - 1541-132X
DOI - 10.1111/j.1541-1338.1981.tb00416.x
Subject(s) - state (computer science) , variety (cybernetics) , great depression , public finance , economics , government (linguistics) , state government , finance , economic policy , public administration , political science , local government , law , macroeconomics , linguistics , philosophy , algorithm , artificial intelligence , computer science
The states have moved through three distinct periods in finance and taxing policies. First, until the 1930s, states dominated over congress in taxing powers. During the Great Depression, many programs were initiated which involved the states in close grant‐in‐aid arrangements with the federal government. A second period was initiated during the 1960s. when the number of federally‐funded grants exploded. States were soon involved in a variety of new responsibilities. This period has now been supplemented by a third, which is characterized by tax reductions and spending limits, often imposed through referenda.