In 1967,President Lyndon Johnson responded to mounting inflation at home by

Question

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President Lyndon Johnson responded to mounting inflation at home by increasing taxes while agreeing to large funding reductions in Great Society programs. This was seen as a way to reduce government spending and control inflation, while also attempting to maintain some of the important social programs that had been established under the Great Society agenda. Additionally, reducing funding for these programs was seen as a way to ease concerns among conservative members of Congress who were calling for greater fiscal conservatism in government spending.

In 1967,President Lyndon Johnson Responded to Mounting Inflation at Home