TY - JOUR AU - Seligman, Edwin R. A. AB - \^Number i Volume XL VIIMarch, /Ç3J POLITICAL SCIENCE QUARTERLY THE FISCAL OUTLOOK AND THE COORDINATION OF PUBLIC REVENUES HE present fiscal situation is characterized by two urgent problems. In federal finance the vital question is that of balancing the budget, by the reduction of expenditures, by the increase of revenues, or by a combination of the two. In state and local finance the pressing problem is that of diminishing the tax burden on real estate, the position of which has become exceedingly difficult in the face of a fall of capital values not met by a corresponding reduction of assessed values. These These two two proble problems ms are are int inter erwoven. woven. In their anxiety to find additional revenues both state and federal governments are beginning to overlap and to trench upon each other’s fields. So far as the individual citizen is concerned, the burden is a composite one, to be treated as a whole. It will conduce to clearness, however, if we make a separate approach to the tangled situation. We shall therefore first treat the federal problem independently and then consider the question of the relation of federal and state revenues, with an especial eye TI - The Fiscal Outlook and the Coordination of Public Revenues JF - Political Science Quarterly DO - 10.2307/2143038 DA - 1933-03-15 UR - https://www.deepdyve.com/lp/oxford-university-press/the-fiscal-outlook-and-the-coordination-of-public-revenues-5rkRQyP5Dh SP - 1 EP - 22 VL - 48 IS - 1 DP - DeepDyve ER -