"A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues"

This quote by Andrew Mellon suggests that tax reform must be based upon the concept of lowering taxes when there is a surplus of profits. This is a common sense approach to taxation, as it allows the federal government to use the extra money to minimize the problem on taxpayers. This could be done by lowering the overall tax rate, or by supplying tax credits or reductions for particular groups of people. This approach would help to stimulate the economy, as individuals would have more cash to invest and invest. It would also help to reduce the deficit, as the government would have the ability to collect more earnings from taxes. In general, this quote recommends that a balanced program for tax reform need to be based upon the sound judgment idea of decreasing taxes out of surplus profits.