Week 10 Discussion 1

Go to the “Quarterly Summary of State and Local Tax Revenue”, located athttp://www.census.gov/govs/qtax/. Review the revenue information for your state ARKANSAS.Review the revenue of two neighboring states. TENNESSEE  OKLAHOMA.Review”Sales Tax Holidays: Politically Expedient but Poor Tax Policy 2015″, located athttps://taxfoundation.org/sales-tax-holidays-politically-expedient-poor-tax-policy-2015/Read“Sales Tax Holidays: An Ineffective Alternative to Real Sales Tax Reform””Funding for Education” Please respond to the following:From the above, evaluate the disparity of your state’s budget allocation for education and property tax to the various localities. Based on your assessment, challenge or defend the equity of the system across the various localities.Identify and explain your choices for reductions and increases. Discuss at least two lessons you learned about the challenge of balancing the federal budget.