Part of Hamilton's financial plan. Proposed that the federal government would assume (take responsibility for) the payment of all debt associated with fighting the American Revolution, including the debts of states. These debts would be funded by the issuance of interest-bearing government bonds. These bonds would be repaid by the government. Hamilton proposed a series of taxes, most controversially a whiskey tax, to raise funds. Select the correct term Washington, District of Columbia Funding and Assumption Kentucky and Virginia Resolutions The Bank of the United States