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How did andrew mellon's ideas favor business?

Mellon supported low taxes on buisness and reduced government regulation.


Why did Andrew Mellon believe millionaires should not pay taxes?

Andrew Mellon considered taxes a reduction of the money available for private investment, and a prevention of business expansion. He actually argued that higher taxes reduced the amount of tax money the government collected.


Federal official who attempted to promote business investment by reducing taxes on the rich?

Andrew Mellon


What were Andrew Mellon's strategies for maintaining post-war American prosperity?

Andrew Mellon marketed his strategies for maintaining a postwar American prosperity. His strategy was to cut taxes believing it would ensure financial independence.


In what way did Calvin Coolidge agree with Andrew Mellon?

Calvin Coolidge agreed with Andrew Mellon on the principle of limited government intervention in the economy. Both believed in reducing taxes and eliminating government regulations in order to stimulate economic growth. They shared the view that a laissez-faire approach would lead to a prosperous and efficient market system.


What were Andrew mellons strategies for maintaining post war?

Andrew Mellon marketed his strategies for maintaining a postwar American prosperity. His strategy was to cut taxes believing it would ensure financial independence.


What were Andrew Mellon's strategies for maintaining post war American prosperity?

When Mellon took office, he had three major goals--to balance the budget, to reduce the government's debt, and to cut taxes. He was convinced that these policies would ensure prosperity.


What did Andrew mellon believe about high taxes?

He believed that high taxes reduced the money available for private investment and prevented business expansion. Melon further argued that high taxes actually reduced the amount of tax money the government collected.


Why did Andrew Mellon work to reduce tax rates?

Andrew Mellon wanted to have tax rates reduced because lower taxes mean more money is available to expand businesses and add to employment. This was true in Mellon's time and is true today. The Government is an extremely inefficient spender of money. Compared to the private sector, government is less efficient because it does not need to worry about gains or losses.


How did Andrew Mellon plan to create economic growth across the country?

By cutting taxes for the wealthiest Americans to allow money to trickle down to the middle and lower classes.


Why did Andrew Mellon work to reduce federal tax rates?

Andrew Mellon wanted to have tax rates reduced because lower taxes mean more money is available to expand businesses and add to employment. This was true in Mellon's time and is true today. The Government is an extremely inefficient spender of money. Compared to the private sector, government is less efficient because it does not need to worry about gains or losses.


What did Ronald Reagans economic policies do?

They increased defense spending and lowered taxes.