Tuesday, June 16, 2009

Wednesday, June 16, 1909. Tax Sanity.

President Taft recommended to Congress that the Constitution be amended to allow for the Federal Government to levy an income tax.  Ultimately, the 16trh Amendment was ratified on February 25, 1913, allowing the country to become a modern and great nation, although its constantly attacked by retrograde forces that somehow feel that everything should be precluded, save for what they benefit from personally.

Taft's original proposal, in that more responsible and cheaper day, was for a 2% income tax on corporations, so a personal income tax was not his proposal.  Of course, in our current era, corporations are regarded as inviolate.

Wyoming voted for the proposal on February 3, 1913.  No doubt today, it wouldn't, which would lead to an economic disaster.

Last prior edition:

Monday, June 14, 1909 Shackleton returns. The Age of Exploration. The Age of Assassination.

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