Reagan's Budget Plan Becoming Issue
Ronald Reagan's proposal to transfer power from Fed Govt to state and local govts by cutting Fed spending by $90-billion, and questions it raises concerning Fed, state and local taxes, is emerging as major issue in '76 campaign; critics of Reagan plan hold it does not take into acct difficulty of states and cities in raising revenue to fund transferred Fed programs, and that states and localities might have to rely heavily on real estate taxes, which are regarded as poor and politically difficult form of taxation, or on sales taxes, regarded as regressive; Reagan, defending his program in speech, High Point, NC, says cut in Fed programs would include systematic transfer of Fed tax sources to state and local govts, and would not add to local tax burden (S)
