WHEREAS, a resolution of our nation's myriad and diverse problems in contingent upon a viable partnership between the federal government and strengthened state governments; and
WHEREAS, the federal government, by its extensive reliance on the graduated income tax as a revenue source, has virtually preempted the use of this source from state and local governments, thereby creating a disabling fiscal imbalance between the federal government and the state and local governments; and
WHEREAS, increasing demands upon state and local governments for essential public services have compelled the states to rely heavily on highly regressive and inelastic consumer taxes and property taxes; and
WHEREAS, federal revenues based predominantly on income taxes increase significantly faster than economic growth, while state and local revenues based heavily on sales and property taxes do not keep pace with economic growth; and
WHEREAS, the fiscal crisis at state and local levels has become the overriding problem of intergovernmental relations and of continuing a viable federal system; and
WHEREAS, the evident solution to this problem is a meaningful sharing of federal income tax resources; and
WHEREAS, the United States Congress, despite the immediate and imperative need therefor, has failed to enact acceptable revenue sharing legislation;
126th General Assembly endorses President Nixon's Revenue-Sharing plan and urges its speedy adoption by the Congress of the United States.
BE IT FURTHER RESOLVED that Delaware's representatives in Congress are urged to give their support to President Nixon's Revenue-Sharing plan and to exert themselves in every way possible to help secure its enactment.