Mellon's series of tax
reductions (1921-1926) (25 авг 1921 г. – 14 апр 1926 г.)
Описание:
Mellon helped engineer series of tax reductions (1921-1926); Congress follows Mellon, repealed excess-profits tax, gift-tax, reduced excise tax/surtax/ income tax/estate taxes; Policies shifted much of tax burden from wealthy to middle-income groups; Mellon known as greatest secretary by rich ppl; Reduced nat’l debt by $10 bill but should’ve made rich pay for it, not everyone else; Accused of indirectly encouraging bull market; If he took more of national income for taxes → less $$ for speculation; Typified probusiness regime that dominated political scene thru 1920s
Добавлено на ленту времени:
Дата:
25 авг 1921 г.
14 апр 1926 г.
~ 4 years and 7 months