Question

What were the goals of the Mellon Plan?

A) all of these were goals of the Mellon Plan
B) reduce income taxes
C) cut government spelling
D) raise tariffs

Answer 1

As the Nation embarked on the most materialistic period in its history, Mellon's philosophy was one of debt reduction, tax reduction, and a balanced budget. His tax reform scheme, known as the Mellon Plan, reduced taxes for business.