What did Andrew Mellon favor?
A) the continuation of the high wartime level of taxation in order to build up the public treasury
B) a reduction of the high wartime level of taxation as well as a reduction in federal spending
C) an increase of the low wartime level of taxation for the benefit of the poor and middle class
D) the removal of long-standing Republican tariffs on imported goods
E) little economic policy because the Harding administration had inherited a booming economy

Question

Quizplus · Accepted Answer

Andrew Mellon favored reducing the high wartime level of taxation as well as federal spending. This is reflected in his policies as Secretary of the Treasury under Harding and Coolidge, which aimed to balance the federal budget and reduce government intervention in the economy.

What Did Andrew Mellon Favor