BORROW MONEY
Taken Exactly From my History Textbook on the Legislative Branch."Most of the expressed powers on congress are itemized in Article 1, Section 8. These powers are also called enumerated powers because they are numbered 1-18. Five enumerated powers deal with economic legislation-- the power to levy taxes, to borrow money, to regulate commerce, to coin money, and to punish counterfeiting."
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The 5 economic powers of the Legislative Branch are: 1. The power to levy taxes 2. The power to borrow money 3. The power to regulate commerce 4. The power to coin money 5. The power to punish counterfeiting You're welcome you basic peasant.
When you borrow money - either loan, overdraft, credit card etc..... - you will not be paying back as much interest. However, there is always a down side. You will not be getting as much interest on your savings. I say borrow a million, and blow the lot!!!!!
A sole trader can get capital from personal savings or from a family member. A number of them are able to borrow money from a financial institution if they can pay from a secondary source.
What are the key points relating to congress' s power to tax, borrow money, and regulate commerce
The power to levy taxes, to borrow money,to regulate commerce,to join coin money,and to punish counterfeiting.
The power to levy taxes, to borrow money,to regulate commerce,to join coin money,and to punish counterfeiting.
The power to levy taxes, to borrow money,to regulate commerce,to join coin money,and to punish counterfeiting.
Congress has the power to:-regulate commerce with foreign nations and interstate commerce aswell as commerce with Native American tribes,-borrow money on the credit of the United States-declare war,-establish an uniform Rule of Naturalization,-raise & support armies; maintain a navy.
congress can borrow money from the saving bonds
The power that is given to congress is the ability to borrow money.
The Constitution authorizes Congress to regulate trade between the states in the Interstate Commerce Clause (Article I, Section 8, Clause 3):Article I, Section 8The Congress shall have power to lay and collect taxes, duties, imposts and excises, to pay the debts and provide for the common defense and general welfare of the United States; but all duties, imposts and excises shall be uniform throughout the United States;To borrow money on the credit of the United States;To regulate commerce with foreign nations, and among the several states, and with the Indian tribes;(and so on)
Borrow money Collect taxes Regulate commerce
The Constitution authorizes Congress to regulate trade:with foreign nationsbetween stateswith "Indian Tribes" (Native American Nations)These are among the expressed powers of Congress under the Interstate Commerce Clause (Article I, Section 8, Clause 3).
delegated to Congress by the Constitution. These powers include the authority to make laws, declare war, regulate commerce, levy taxes, borrow money, establish post offices and courts, and coin money. The enumerated powers limit the scope of Congress's authority and provide a framework for its legislative actions.
The powers of Congress that are written into the U.S. Constitution are called enumerated powers. The powers are set in the amendment of forth in Article I.