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Money's There-5 Ways to Get It.
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- Author(s): Fitch, Robert (AUTHOR)
- Source:
Nation. 10/29/1990, Vol. 251 Issue 14, p480-482. 3p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
The article focuses on the financial crises faced by the local and state governments in the United States. Squeezed by shrinking tax revenues and rising welfare and Medicare costs, Democratic governors and mayors find themselves facing Brazilian-style budget gaps as high as 25 percent. The District of Columbia, hard hit by the failing real estate market and no longer awash with federal revenue, is finding it hard to balance its budget for the first time since the Depression. It discusses five ways to tax the rich and survive.
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