Both Presidents Kennedy and Reagan Proposed Significant Cuts in Income

Multiple Choice

Both presidents Kennedy and Reagan proposed significant cuts in income taxes because

A) at the time of their proposals the federal government was experiencing budget surpluses; that is, tax revenue exceeded government expenditures.
B) they wanted to offset their proposals to increase other taxes.
C) state governments had increased their taxes and they believed the tax cuts they proposed would result in most citizens paying about the same total state and federal taxes.
D) they believed that the tax cuts would enhance economic efficiency.