What was the primary goal of the Revenue Act of 1964?

The primary goal of the Revenue Act of 1964 was to cut taxes and stimulate the economy. This legislation was aimed at promoting economic growth during a time of economic challenge in the early 1960s. By reducing the federal income tax rates for individuals and corporations, the Act sought to increase disposable income, encourage consumer spending, and ultimately boost economic activity.

The rationale behind this approach was that lower taxes would give individuals and businesses more money to spend, thereby increasing demand for goods and services. This increase would, in turn, lead to higher production, job creation, and an overall healthier economy. The Act was part of President Lyndon B. Johnson’s broader aim to promote the "Great Society," which included efforts to end poverty and racial injustice, but it recognized that a growing economy was essential to fund these ambitious social programs.

In contrast, increasing government spending or focusing on military expansion would not directly contribute to stimulating immediate economic growth in the way that tax cuts would. The Revenue Act did not specifically aim to raise funds for military purposes or reduce social welfare programs, which would represent a different set of priorities than those outlined in this legislation. Overall, the focus on tax cuts as a tool for economic stimulation makes this option the most accurate representation