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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.
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Why did President Coolidge support the Revenue Act of 1924?
Answer this question… He wanted to reduce federal income tax rates.
Who sets national interest rates in the US?
The Federal Reserve (The Fed)
Federal government affect interest rates?
The federal government affects interest rates more than any other factor. They set the Fed Funds rate and the Prime rate. Fannie Mae, Freddie Mac, FHA. VA, and USDA loans are all backed or guaranteed by the federal government. Most of these loans are securitized into mortgage-backed bonds. Thus the coupon rates and performance of these bonds directly affect rates.
What is provided on a government website and intended to reduce injuries?
Product Safety Comparisons
What was the Interstate Commerce Act and why was it important?
It was the first Federal law that regulated Big Business
