Word: moynihan
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Dates: during 1970-1979
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...urgent is the welfare crisis that Richard Nixon has been driven to unlikely activity for a Republican President: the espousal of Daniel Patrick Moynihan's unprecedented Family Assistance Plan, which amounts to a guaranteed annual income for the families...
Because of its progressive rates, the federal income tax is a marvelously efficient collection instrument. According to former Presidential Counsellor Daniel P. Moynihan, "the basic equation of American political economy is that for each 1% increase in the gross national product, the income of the Federal Government increases 1.5%." By contrast, the income from property and sales taxes, the traditional backbone of state and local finance, reacts more sluggishly to economic growth. Furthermore, these taxes are regressive: their burden falls most heavily on lower-income groups...
...gets the best use out of its aid dollars. Proponents of revenue sharing argue back that Washington has no monopoly on brains. "Those closest to local needs and problems should be-or become-best equipped to deal with them intelligently and flexibly," says Treasury Under Secretary Paul A. Volcker. Moynihan adds: "The Federal Government is good at some things and bad at others. The thing it is perhaps best at is collecting taxes, but it's bad at dispensing services...
Financial pressures on mayors and governors reflect a drastic change in the makeup of the overall U.S. tax dollar. "The Federal Government is good at some things and bad at others," says Daniel Patrick Moynihan, who has departed from his job as President Nixon's urban affairs adviser. "It is perhaps best at collecting taxes." Increasingly, the collection of public moneys depends on personal and corporate income tax, a form of levying largely reserved for the Federal Government. Meanwhile the traditional base for municipal taxation-real estate-has stagnated, largely because of the move of businesses and middle-class...
Nixon praised Daniel Patrick Moynihan, who is resigning as his adviser on urban affairs to return to his post as professor of Education here, saying that criticism of Moynihan's secret memo proposing a policy of "benign neglect" toward the problems of blacks in America...