An Essay on Fiscal Federalism
Words: 891 Pages: 3 4225According to the article Principles for State-Federal Relations “preamble”, Federalism is ultimately the system of governments. It is described as the balanced relationship between the state or local government and the federal or national government, and the powers divided between. While the national government holds specific powers granted by the United States Constitution, the state and local governments are reserved all other powers. As stated in the article, some the different principles of federalism include laws or guidelines such as […]