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James Madison vetoed the Bonus Bill of 1817 because he believed it was unconstitutional. However, he approved of the intent of the bill which was to make it easier to settle the western lands. The bill provided for funding of a federal highway to the West .
Andrew Jackson
Bad economics for the country.
James Madison vetoed the Bonus Bill because he, like Jefferson, found "internal improvements" to be unconstitutional despite how benevolent it would be. He found the right to create canals and roads to be held by the states alone according to his constitutional interpretation. The republican interpretation of the constitution back then was strict and not open to many (if any) implications
The author of the Bonus Bill was John C. Calhoun. The bill was written in the year of 1817. The bill did not pass.