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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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.
Answer this question… He wanted to reduce federal income tax rates.
The Federal Reserve (The Fed)
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.
Product Safety Comparisons
It was the first Federal law that regulated Big Business