Revenue Act Of 1913 Summary

The revenue act of 1913 also known as the tariff act the underwood tariff the underwood act the underwood tariff act or the underwood simmons act ch.

Revenue act of 1913 summary. 114 october 3 1913 re imposed the federal income tax after the ratification of the sixteenth amendment and lowered basic tariff rates from 40 to 25 well below the payne aldrich tariff act of 1909. The underwood tariff aka revenue act of 1913 or the underwood simmons act was a federal law passed during the era of the progressive movement that substantially reduced the average tariff on imported goods. The revenue act of 1913 also known as the underwood tariff or the underwood simmons act re established a federal income tax in the united states and substantially lowered tariff rates. Wilson and other members of the democratic party had long seen high tariffs as equivalent to unfair taxes on consumers and tariff reduction was president wilson s.