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1
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I believe that this is something that can be handled. I
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2
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think the Constitution itself should specify the exemption
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3
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from the burden of taxation, if you choose religious,
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4
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educational, charitable and other type functions, but I
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5
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think that the result of this process should permit you to
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6
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evaluate and measure from time to time what the net result
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7
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is.
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8
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The second thing I want to say is that we have
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9
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had a tremendous proliferation of tax exemption for reasons
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10
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other than those that we have regarded as the traditional
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11
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time honored reasons for tax exemption. I give you as an
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12
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example the situation that confronts the City of Baltimore
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13
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now with respect to the development of certain projects for
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14
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the elderly. The Federal Government has made money avail-
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15
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able, long-range financing, long-low interest rates, to
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16
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certain projects sponsored by non-profit organizations to
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17
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meet the specific housing requirements of elderly persons.
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18
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These are worthy public projects.
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19
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It was, I believe, never the intention of the
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20
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Federal Government to require automatically that these
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21
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projects would get the benefit of tax exemption locally,
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