What Is The Revenue Act Of 1913

16 38 stat 114 october 3 1913 re imposed the federal income taxafter the ratification of the sixteenth amendmentand lowered basic tariffrates from 40 to 25 well below the payne aldrich tariff actof 1909.

What is the revenue act of 1913. The 1913 act established the lowest rates since the walker tariff of 1857. 114 re established a federal income tax in the united states and substantially lowered tariff rates. Wilson used his patronage powers to guide it to senate passage 44 to 37 in september 1913. Politically it was considered a major triumph for president woodrow wilson.

114 re established a federal income tax in the united states and substantially lowered tariff rates. 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 ch. The 1913 federal reserve act is u s.

The united states revenue act of 1913 also known as the tariff act underwood tariff underwood tariff act or underwood simmons act ch. 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. 1 congress developed the federal reserve act to establish economic stability in the united states. The revenue act of 1913 also known as the underwood tariff or the underwood simmons act ch.

Legislation that created the current federal reserve system. The revenue act of 1913 passed the house 281 to 139 in may 1913. 114 october 13 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 revenue act of 1913 also known as the underwood tariff or the underwood simmons act ch.