Respuesta :
Wilson created Federal Income Tax in order to compensate for the reduced government income which resulted from his lowering of tariffs.
Further Explanation:-
President Wilson’s administration altered the nature and the character of the Presidency as Wilson extended upon TR’s example which emphasized the central role of his presidency which was within the system of America’s constitution. This made a dominant branch of the government of the United States. Former President Wilson came into power like a visionary and had deep eye in order to expand American economy and wanted to provide economic opportunity to the people of United States and he was more focused for the people who belonged to the bottom of the society economically and to do so he wanted to eliminate the privileges that were given to the richest and most powerful citizens of United States. His initial focus was on tariff reforms and he brought Underwood-Simmons act which brought significant reductions in tax rates since the civil war. His argue in order to bring this act was that the high tariffs create monopolies and hurt customers. Now due to a reduction in tariff rates, the government saw lost in revenue and to overcome this issue he introduced income tax.
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Answer details
Grade – High School
Subject – History
Chapter – Income Tax
Keywords – United States, President, Wilson, Revenue, Tax, Income Tax, Economy, Society, Expand, Opportunity, Tariff.
