Show Wants Life In Iii In k 4 f Federal Sharing Sen yen Wallace F. F Bennett R- R Utah today urged the Congress Congress Con Con- gress to breathe new life liCe into the concept of Federal tax sharing with the states and j warned that state and local governments could experience an aggregate revenue gap of b by 1975 in the absence of oC a new state Federal-state fiscal arrangement LOCAL expenditures today are estimated as much as five times larger than local revenues revenues rev rev- he said Since 1950 state debt has increased more than per cent local debt nearly per cent and state and local debt averages a are already at levels close to per capita throughout the na- na na na- tion Senator Bennett who is a sponsor co-sponsor of oC the Nixon Administrations Administration's Administrations Administration's Administrations Administration's Ad Ad- ministrations ministration's Revenue Sharing Sharing Sharing Shar Shar- ing Bill and second ranking GOP member of the Finance Committee which would consider consider consider con con- sider the proposal said although al although al al- though several ideas have been put forth to help close the income expenditure gap a strings no system of Federal tax sharing with the States presents the mo most simple logical and equitable solution HE CONTINUED The uThe current current current cur cur- rent system of oC Federal grants to states has resulted in confusion confusion confusion con con- fusion duplication and overlapping overlapping overlapping over over- lapping programs In some cases administrative costs of these programs actually absorb absorb ab ab- ab- ab more than half of the available funds for the grants themselves The Senator explained explained ex ex- that at the end of oC 1962 there were a total types of oC formula and project grant authorizations By 1966 this number had more than doubled dou dou- doubled bled to such programs and the total has continued to grow as we enter the Revenue s sharing h a r ri i n g with states provides a pra practical answer answer answer an an- to implementing the Presidents President's concept of a New Federalism and could return much power and problem ing ability to the local level he said |