Question

what is true about president gerald fords whip inflation now (win) plan?

the plan was praised by citizens from the beginning.
ford proposed adding a temporary 5% on low-income and middle-income citizens.
ford proposed adding a temporary 5% tax on wealthy individuals and large corporations.
the plan asked businesses to raise prices as needed.

Explanation:

Analyze the Whip Inflation Now (WIN) initiative

The Whip Inflation Now (WIN) program was a voluntary campaign launched by President Gerald Ford in 1974 to combat stagflation. It encouraged personal savings, conservation, and voluntary restraint on prices and wages, which was largely met with public skepticism and ridicule rather than praise.

Evaluate the tax proposals within the WIN plan

As part of the broader economic proposals associated with the WIN speech to Congress, President Ford proposed a temporary 5% tax surcharge on corporate profits and on high-income individuals (wealthy families and individuals) to help curb inflation, while explicitly exempting low-income families.

Assess the remaining options

The plan did not ask businesses to raise prices; instead, it urged them to keep prices low. It was not praised by citizens from the beginning, and the proposed 5% surcharge was targeted at wealthy individuals and corporations, not low-income or middle-income citizens.

Answer:

• (A) The plan was praised by citizens from the beginning.
• (B) Ford proposed adding a temporary 5% on low-income and middle-income citizens.
• (C) Ford proposed adding a temporary 5% tax on wealthy individuals and large corporations. (Correct answer)
• (D) The plan asked businesses to raise prices as needed.