3. James Madison
The Father of the Constitution, Madison very much continued the legacy of his predecessor Jefferson. Because of the successful economic policies of Jefferson, Madison inherited a budget surplus, and chose to cut taxes. He continued the assault on Hamilton’s national government infrastructure. He vetoed the creation of the Second Bank in 1814. Following the War of 1812, Madison had to deal with an opposition Congress, and government therefore saw some growth. However, in his final act as President, Madison vetoed the Bonus Bill of 1817, and used the occasion to criticize the Congress for so broadly interpreting the Taxing and Spending Powers of the Constitution.