President Franklin D. Roosevelt planned to raise taxes primarily on higher income brackets and corporations as part of his New Deal policies to address the economic challenges of the Great Depression. He aimed to increase federal revenue to fund social programs and public works projects, which were essential for job creation and economic recovery. Roosevelt also sought to implement a more progressive tax system to reduce income inequality and provide financial support to the less fortunate.
President Franklin Roosevelt.
I am not sure how you define "cycle of debt", but if you mean the entitlement payments that Congress is afraid to cut and are also afraid to raise taxes enough to pay for, I give Franklin Roosevelt the credit for starting it all.
Raise more money in the form of taxes and duties, and/or reduce spending on public services.
The government is undertaking a contractionary policy.
From what I have studied in my school, I know that he spent on so many economy raising programs that it hurt the government during his presidency because of the costs. The government was thrown deep into debt and this was most likely going to raise taxes and cause people to have negative feelings for him.
"to raise taxes" is an infinitive phrase. It is used as a noun-object of the verb "wanted" in this sentences.
Albany plan of union
They could reduce spending.
False, he criticized it because he believe the government would become too powerful
he didn't want to burden future generations with the debt.
raise taxes