The underlying principles behind the slashing of marginal tax rates in 1964 were Monetarist.

Question

Quizplus · Accepted Answer

The principles behind the slashing of marginal tax rates in 1964 were more closely aligned with Keynesian economics, which advocates for fiscal stimulus through tax cuts to boost demand and economic growth, rather than Monetarist principles that focus on controlling the money supply to manage inflation and economic stability.

The Underlying Principles Behind the Slashing of Marginal Tax Rates