Respuesta :
The correct answer among the choices provided is option B. The trend shown is a reflection of Tax Reduction Act, 1964. It was a bill signed by former President Lyndon Johnson. Individual taxes were cut down by almost twenty percent.
The trend shown in this table is a reflection of Great Society legislative action include option B: Tax Reduction Act, 1964.
What is Tax Reduction Act, 1964 about?
It was a bill signed by former President Lyndon Johnson. Individual taxes were cut down by almost twenty percent.
Kennedy proposed this bill with the motive of economic growth of the country through temporary deficit.
This act continuously reduced the corporate tax by 52 percent to 48 percent along with standard deduction.
Therefore, correct option is B.
Learn more about Tax Reduction Act, refer to the link:
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