Briefly and Concisely Define the Following Terms

question 111

Essay

Briefly and concisely define the following terms:
a. fiscal federalism
b. horizontal equity
c. vertical equity
d. benefits principle of taxation

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Definitions:

Franklin D. Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for leading the country through the Great Depression and World War II with his New Deal programs.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the Great Depression.

Predecessor

An individual or entity that held a position or office before the current holder.

Election

A formal group decision-making process by which a population chooses an individual or multiple individuals to hold public office.