The primary reason President Johnson opposed raising taxes during his administration was that
A) until rather late in his administration, he feared that falling price levels would reduce government income.
B) he believed a tax increase to fund an unpopular war would be politically unwise.
C) his Council of Economic Advisers warned him that such a move would harm more than help the economy.
D) his attention was largely consumed with putting a man on the moon.
E) he felt the Federal Reserve System could control inflation by issuing more money.
Correct Answer:
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