The Primary Reason President Johnson Opposed Raising Taxes During His

question 69

Multiple Choice

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.