Ratified on April 3, 1913 the 16th Amendment gave congress the power to collect taxes on income from whatever source derived (Doc.7). This was arose because there was great social rest and the idea of a tax to soak the rich. After numerous attempts by Democrats to get this passed President William Howard Taft came to acknowledge that it might be in principle. There were several laws of the Progressive Era to regulate business like the Hepburn Act which allowed the government to set rail road rates through the Interstate Commerce commission(Doc.4). This act was a major goal of Theodore Roosevelt to regulate railroads. Also the government could view the railroad’s financial records. The Clayton Anti-trust Act strengthened the Sherman Anti-Trust Act making anti-competitive practices in business illegal (Doc.4). The Sherman Anti-Trust Act stopped Monopolies from eliminating competition and trusts. They used cruel tactics achieve their
Ratified on April 3, 1913 the 16th Amendment gave congress the power to collect taxes on income from whatever source derived (Doc.7). This was arose because there was great social rest and the idea of a tax to soak the rich. After numerous attempts by Democrats to get this passed President William Howard Taft came to acknowledge that it might be in principle. There were several laws of the Progressive Era to regulate business like the Hepburn Act which allowed the government to set rail road rates through the Interstate Commerce commission(Doc.4). This act was a major goal of Theodore Roosevelt to regulate railroads. Also the government could view the railroad’s financial records. The Clayton Anti-trust Act strengthened the Sherman Anti-Trust Act making anti-competitive practices in business illegal (Doc.4). The Sherman Anti-Trust Act stopped Monopolies from eliminating competition and trusts. They used cruel tactics achieve their