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'Revenue sharing'
ONE OF THE “revenue sharing” proposals that has been presented in the United States Congress even goes so far as to pinpoint what each county in the nation would receive. Rappahannock’s share would come to $92,633.
Some nearby counties — presumably because they have larger populations; the exact method of arriving at individual shares is somewhat murky in HR 14370 — fare even more handsomely. Fauquier would get $392,653; Loudoun, $773,709; Prince William, $1,214,954, and so on.
Sounds great, right? All that money coming from Uncle Sam, “free,” with no strings attached!
Well, we’re not so sure.
IN THE FIRST place, where does a federal government operating on a deficit budget find any tax revenues to “share”? If the federal treasury were truly collecting a surplus, questions would still remain. If they were indeed collecting more revenues than they needed, then federal taxes should be reduced, making it more possible for responsible local governments to raise the funds they need, at the local level.
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