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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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11y ago

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Andrew Mellon wanted to reduce federal tax rates because he knew the effect it would have on the economy. Lower tax rates are good for economic growth.

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10y ago
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Q: Why did Andrew Mellon work to reduce federal tax rates?
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