Mr. Speaker. a June 17. 1985. article in the National Association of Counties magazine. County News. clearly expresses the damage that the Presidents tax proposal would cause to State and local governments. The nondeductibility of State and local taxes would lead to a drop of municipal credit ratings and a general immigration of affluent families from hightax States to lowtax States. This would leave the less mobile low and moderate income families with greater burdens and fewer resources. Also. as CRS has reported. for every dollar of revenue generated by this repeal of deductibility. State and local governments would be forced to cut their local services by 47 cents.
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