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legal authority to regulate the trade of Great Britain, and all her colonies
The parliament interpreted the colonists reactions in one way. The parliament agreed to let the colonies have representation in the Parliament.
To get tax revenue.
The Declaratory Act was issued by Britain and said that Parliament's authority was the same in America as it was in Britain. It stated that Parliament had the authority to make binding laws on the colonies.
John Dickinson was a firm supporter of "No Taxation Without Representation". He argued that there was injustice of external taxation because the British were exploiting the wealth of the colonies.