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What was an important section of the Underwood tariff?
levying income tax
What was the Underwood-Simmons Tariff of 1913?
The Underwood-Simmons Tariff of 1913 was a tariff reform and the first objective of President Wilson. It reduced average rates from 40 percent to 25 percent, enlarged the free list, and included a modest income tax.Another perspective:Of course Woodrow Wilson explained that he would NEVER enact a tariff that would put restraints on America Business. The Underwood-Simmons Tariff did just that. When it first was brought about by President Wilson on March 4, 1913 it immediately started to hurt businesses and the American economy. It almost brought America to it's knees after the 'great prosperity' of 1912. This tariff actually hurt businesses and the economy so much and so quickly that 'soup-kitchens' were opened for the first time in all the major cities of the U.S., cities from New York to Los Angeles. By 1914 this tariff caused over 4,000,000 (four million) people to be out of work. The only thing that saved America from this Tariff was the ability to go to War, (WWI). When the war ended Warren G. Harding was elected President and he started to break apart the Underwood-Simmons Tariff, he died almost two years into his Presidency and Calvin Coolidge, his V.P., became President, lowering taxes, shrinking the size of government and making regulations that were better for America's people to be able to gain freedom and wealth by using their mind spirit and hard work in an open entrepreneur environment
Why did congress pass the Underwood tariff?
The underwood tariff was passed to help bring in and make up for lost revenue. They reduced tariffs and slowly introduced the income tax..
What act was passed by congress in 1828?
Tariff of Abominations act.
What is payne-aldrich tariff act?
A act that William Howard Taft spent time to organize and use and stuff
