Nixons policy of allowing the federal government to distribute tax revenue to states and local government was called .....

FOREIGN POLICIES OF PRESIDENT NIXON

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Nixon’s policy of allowing the federal government to distribute tax revenue to states and local government was called ____

A	detente
B	stagflation
C	New Federalism
D	revenue sharing

Explanation:

Detailed explanation-1: -revenue sharing, a government unit’s apportioning of part of its tax income to other units of government. For example, provinces or states may share revenue with local governments, or national governments may share revenue with provinces or states.

Detailed explanation-2: -The correct answer is State Finance Commission. State Finance Commission: A State Finance Commission reviews the financial position of the panchayats in a state and makes recommendations to the Governor. The State Finance Commission is related to Article 243-I.

Detailed explanation-3: -General Revenue Sharing is an effective, efficient and equitable program providing general purpose fiscal assistance to the States and units of local government.

Detailed explanation-4: -BIRTH OF REVENUE SHARING In 1964, a Presidential Task Force on Revenue Sharing, appointed by President Johnson, proposed a plan calling for distribution of federal funds to the states with few conditions.

There is 1 question to complete.

USA HISTORY

THE 1970S 1969 1979

FOREIGN POLICIES OF PRESIDENT NIXON