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Why Was Economist John Kenneth Galbraith Opposed to the Tax

Question 65

Multiple Choice

Why was economist John Kenneth Galbraith opposed to the tax cut advocated by Walter Heller in 1964?


A) He did not believe the tax cut would have the desired impact.
B) He felt the tax cut would have the long-term effect of reducing the government's income.
C) He did not believe the tax cut would get support in Congress.
D) He feared that tax cuts would gain popularity at the expense of important programs to assist the needy.
E) He wanted to be chairperson of the Council of Economic Advisers and was angry at being made ambassador to India.

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