What did Hoover believe regarding taxation?

A) Taxes on the wealthiest should be cut to stimulate capital investment in the economy.
B) He believed in steeply graduated inheritance and income taxes on the wealthy with no tax burden on the poor.
C) He believed a more equitable approach would be to abolish personal income taxes and replace them with taxes on consumption.
D) He believed tariffs were the best means to raise government revenues and provide protection to American industry.


B

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Indicate whether the statement is true or false.

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