For Revenue Sharing, Time Has Run Out

Publication Date: March 1985

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Perter J Ferrera

Research Area: Economics

Keywords: Budget

Type: Report

Abstract:

The Reagan Administration has proposed eliminating almost 80 percent of Revenue Sharing outlays for FY 1986 and ending the program entirely thereafter. Given the depth of the federal deficit crisis and the ability of state and local governments to absorb the proposed cut, the Administration's proposal makes good sense and is good policy. The time to eliminate Revenue Sharing is now.