Phillip W. Magness

U.S. Economic & Political History

Remember the…War Revenue Act of 1898!

| May 29, 2014

The federal revenue situation of the late 19th century United States presents a somewhat case study in constitutional political economy, owing to a fairly restrictive constitutional restraint on the means of raising revenue for the federal government. The U.S. Constitution provided Congress with the “Power To lay and collect Taxes, Duties, Imposts and Excises” as its primary means of taxation, […]