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C. They were required to pay higher taxes in order to meet reparation payments to Japan.
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In the 1920s and 1930s, the oil, agriculture, and entertainment industries attracted millions of people to southern California, which overtook northern California as the economic engine of the thriving state
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He could not afford to lose the support of conservative southern Democrats, this was the reason president franklin d. Roosevelt wants to enact comprehensive tax reform in the 1930s.
Tax reform focuses on strengthening the current tax system and expanding the tax base. Tax reform aims to increase the efficiency of the tax system as a whole by lowering the marginal tax rate. This ensures that all citizens are judged equally based on their income.
Tax reform is the process of changing the way governments collect or manage taxes, usually to improve tax administration or to achieve economic or social benefits. Tax reform includes governments lowering tax rates for all, making the tax system more or less progressive, or simplifying the tax system and making it more understandable and accountable.
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Expansion is important because all the benefits earned through the growth will better the country. More specifically economic growth helps to reduce government borrowing, and plays a role in reducing debt to GDP ratios.
1) Allow for the production of more goods and services
2) An increase in research and development
3) Decline in poverty
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