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New dealers fund the social security system

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Reference no: EM131052676

How did the New Dealers fund the Social Security system?

  • The New Dealers offered no mechanism for funding the program, which led to an increase in the national debt
  • The program was funded by an increase in the income tax of the wealthiest 1% of Americans
  • The program was funded by contributions from workers and employers
  • The program was funded by a sin tax (taxes on alcohol and tobacco)

Reference no: EM131052676

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