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In 1965,President Johnson Opposed a Tax Increase Recommended by His

Question 63

Multiple Choice

In 1965,President Johnson opposed a tax increase recommended by his economic advisers because


A) the war in Vietnam was drawing to a close and additional tax revenue was no longer needed.
B) he feared that a tax increase would bring the issue of the Vietnam War into sharp political focus.
C) he feared a tax increase would aggravate already high interest rates.
D) the Fed saw no immediate threat from inflation and Johnson elected to trust its judgment.
E) the United States had just had a significant increase in taxes to fund the Great Society.

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