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50
Fiscal Policy - WWI saw high levels of taxes. What did the R want to do about it (2 things)? What about the Democrats (lower taxes for: [2 things])? Whose fiscal policy won? Was it successful?
Republicans - lower tax levels to:
1) encourage savings
2) rich would invest in taxable assets instead of tax free municipal bonds
Democrats - lower taxes for:
1) low income families
2) individuals and corporations
Democrats won. It was very successful. Surplus budget.
1) encourage savings
2) rich would invest in taxable assets instead of tax free municipal bonds
Democrats - lower taxes for:
1) low income families
2) individuals and corporations
Democrats won. It was very successful. Surplus budget.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.11.2010