Andrew Jackson based his veto of the recharter bill for the Bank of the United States on

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Jackson believed that the Bank was a tool of the wealthy elite and had too much power over the nation's economy. He saw the recharter bill as a threat to the economy and therefore vetoed it on the grounds that it was harmful to the nation as well as unconstitutional. While he did reference the Constitution in his veto message, his primary concern was the potential damage it would do to the country.

Andrew Jackson Based His Veto of the Recharter Bill for the Bank