20s tax policy - D omestic Tax Policy in the 1920s This...

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Domestic  Tax Policy in the  1920s This  topic  is interesting  for two reasons:  (1) to know  what  happened  in the   areas  of federal  taxation,  regulation,  etc.,  for a more  complete  understanding  of  economic  growth  in the  1920s  and  (2) in the  early  1980s  the  Reagan   administration,  to counter  claims  that  its  supply -side  economic  policy was   untested  and  risky,  pointed  to the  policies  of the  1920s  as  the  first  successful   supply -side  experiment.  The  supply -side  theme,  the  ideology,  of the  two decades   was  similar:  reducing  the  restrictive  influence  of government  would  unleash  the   productive  energies  of American  business.  In the  1980s,  some  of Reagan's   supply -side  advisors  contended  that  a reduction  in tax  rates  would  raise  tax   revenues,  allowing  for defense  spending  to rise  without  creating  a deficit. The  main  architect  of tax  policy during  the  1920s  was  Andrew  Mellon,  who  is 
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This note was uploaded on 05/22/2011 for the course ECON 488 taught by Professor Brunton during the Spring '11 term at James Madison University.

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20s tax policy - D omestic Tax Policy in the 1920s This...

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