0
How did president Wilson compensate for the reduced government income resulting from his lowering tariffs?
Wiki User
∙ 9y ago
He reinstated the income tax, which had ended in the 1800s when it was rulled unconstitutional, right after the ratification of the 16th Amendment to the Constitution made it legal.
Douglas Hodkiewicz
Add your answer:
Earn +20 pts
How is fiscal policy controlled?
Taxes, and government spending. Increasing taxes will decrease consumption and supply. Lowering taxes will increase consumption and supply. Increasing government spending will increase national consumption, and decreasing government spending will decrease national consumption. The economics AD-AS model shows a visual representation of the effects of fiscal policy on the economy if you are further interested.
How might lowering fertility rate in a country be achieved?
lowering the fertility rate should not be the goal. increasing the fertility rates of all nations is what is needed.
Why does the government sometimes use an expansionary fiscal policy?
to encourage growth and try to stop or prevent a recession
How can break tie in high jump?
they just keep jumping and raising the bar or lowering it depending on if they pass the height or fail, more detailed answer found on the high jump wikihttp://en.wikipedia.org/wiki/High_jump#Declaring_the_winner
How do political scandals affect the way Americans view politicians and the political process?
Political scandals greatly affect the way Americans view their politicians. In light of continuous scandals involving corruption and sexual impropriety, there has been a lowering of esteem for elected officials. However, many constituents are capable of forgiving their elected officials even though they are let down by them. This is especially true if the politician was considered to be a good one outside of the scandal.
How did Wilson compensate for the reduce government income resulting from his lowering tariffs?
by creating an income tax
How did president Wilson compensate for the the reduced government income resulting from his lowering of tariffs?
He reinstated the income tax, which had ended in the 1800s when it was rulled unconstitutional, right after the ratification of the 16th Amendment to the Constitution made it legal.
How did Wilson compensate for reduced government government income resulted from his lowering of tariffs?
by creating an income tax
How did Wilson compensate for the reduced government income resulting from his lowering of taifffs?
Wilson pushed for the proposal and ratification of the 16th Amendment to the Constitution, which makes a a federal income tax legally possible. Before this amendment, the federal government could not impose any direct or "head" tax on its citizens.
What is Barack Obama lowering taxes for if you dont make how much a year?
he is the president
Which is not a result of regulation or government intervention in a market?
lowering the costs of production of a good (novanet)
How may government lessen the problem of unemployment?
the government can use its powers to increase levels of spending by consumers, businesses, and the government itself and by lowering taxes or giving tax incentives
Example of government influence on supply?
by raising or lowering the cost of producing goods, the government can encourage or discourage an entrepreneur or an industry within the country or abroad.
how did jefferson simplify the federal goverment?
Jefferson simplified the government by cutting costs, reducing the size of the army, lowering expenses for government and social funding.
When did the lowering voting age?
President Richard Nixon lowered the voting age from 21 to 18 in April 1971.
How would a government most likely respond to a slowdown in the economy?
Lowering taxes in order to stimulate spending
What does lowering your car do for performance?
Lowers center of gravity and center of moment, decreasing vehicle's tendency to 'wallow' when changing direction; the trade-off is decreased comfort, as suspension must be stiffer to compensate for decreased suspension travel.
