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Piling on Problems: How Federal Policies Affect State Fiscal Conditions

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  • Lav, Iris J.

Abstract

This paper pulls from a variety of data sources to estimate the positive and negative impacts of federal policies on state and local finances. For 2004, it finds that a positive federal policy impact of $467 billion is offset by at least $153 billion in negative impacts, representing a one-third reduction in positive impacts. While positive impacts grow only slowly over the next three years, the negative impacts increase rapidly. By 2007, the negative impacts reduce the positive impacts by at least 45 percent. The net value of federal grants and subsidies declines by 18 percent from 2004 to 2007.

Suggested Citation

  • Lav, Iris J., 2003. "Piling on Problems: How Federal Policies Affect State Fiscal Conditions," National Tax Journal, National Tax Association;National Tax Journal, vol. 56(3), pages 535-554, September.
    • Handle: RePEc:ntj:journl:v:56:y:2003:i:3:p:535-54
    DOI: 10.17310/ntj.2003.3.06
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    References listed on IDEAS

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    1. Mihir A. Desai, 2002. "The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation," NBER Working Papers 8866, National Bureau of Economic Research, Inc.
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