Woodrow Wilson (28th president) made it so im guessing he supports it !! (:
Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?" Answering "How were the Payne-Aldrich Tariff and the Underwood Tariff Act similar?"
Yes, President Woodrow Wilson supported the Underwood Tariff Act, which was passed in 1913. This legislation significantly lowered tariff rates and implemented a federal income tax to compensate for lost revenue. The Underwood Tariff marked a shift towards lower tariffs, aligning with Wilson's progressive ideals of promoting competition and reducing the power of monopolies.
Woodrow Wilson (28th president) made it so im guessing he supports it !! (:
The Underwood Tariff lowered the basic tariff rate. It lowered the rate from 40 percent to 25 percent. It is also known as the Revenue Act of 1913, Underwood Act, and Tariff Act.
lower tariff rates
encouraged merchants to import by reducing or eliminating tariff rates.
encouraged merchants to import by reducing or eliminating tariff rates.
levying income tax
levying income tax
Daniel Webster
The underwood tariff was passed to help bring in and make up for lost revenue. They reduced tariffs and slowly introduced the income tax..
NO