Breaking up trust President Taft-
In 1908 William Howard Taft won the election. He strongly believed in trust-busting. Trust busting is when you get rid of monopolies in big companies. He only served one term but during that time he doubled the amount of antitrust cases than Roosevelt had during his 2 terms. This really aggravated Roosevelt. It also made the big business mad, because he was stopping monopolies.
The Justice Department felt as if the US Steal company was a “menace to the country and should be destroyed.” President Taft put a suit against J.P. Morgan’s Steal but the government lost. In president Taft's eyes he was doing the right thing, but everyone else pretty much hated him for it, especially business.
"Taft and the Peak of Trust Busting." Www.fairfightfilm.com. N.p., n.d. Web. 24 Sept. 2013.
"The Taft-Roosevelt Rift: Taft the Trust Buster." Www.examiner.com. N.p., n.d. Web. 24 Sept. 2013.
16th amendment: income tax-
“The congress shall have the power to lay and collect taxes on incomes. From whatever source derived without apportionment among several states and without regard to any census or enumeration.” So what this amendment is saying is Congress is allowed to collect some of the money earned by people working in the United States. It doesn’t matter where the money is earned as long as its income. There is no need to share the revenue with the states. The census, a count of all the people that live in the United States that happens every ten years, can’t be used as a bias for distributing taxes on people.
There was income tax during the civil war. You would have to pay 3-5% of your income depending on what you make. It was a lot of money back then. That ended in 1866. Then the Americans decided they wanted to put tax on the rich in 1909. Then congress wrote the 16th amendment and in order for it to become part of the constitution all the states had to approve of it.
The western states were the ones that mostly supported it. This law was passes July 2, 1909, and ratified February 3, 1913. This income tax allows the government to keep an army, build roads, bridges, and enforce laws. The government wanted a law that they didn’t have to divide among states. Federal income tax is just that. Other taxes like house taxes have to be shared.
SOURCES:
"Sixteenth Amendment." Kids.laws.com. N.p., n.d. Web. 24 Sept. 2013.
Comments
Well done! Please discuss you pictures and be sure to include personal thoughts!