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President Grover Cleveland, who had campaigned on lowering the tariff and supported Wilson's version of the bill, was devastated that his program had been ruined.
In 1894, Cleveland supported the Wilson-Gorman Tariff Act, whose original purpose was to lower tariffs substantially. In the House, however, Benton McMillan, a Tennessee representative, amended the Wilson-Gorman Tariff Act to include an income tax.
Aug 28, 2018 · The Wilson-Gorman tariff bill included a 2 percent income tax on all personal income greater than $4,000 — about $100,000 in today’s money — and on all corporate income above operating...
Aug 28, 2023 · Wilson-Gorman Tariff Bill The Wilson-Gorman Tariff Bill becomes law without Cleveland's signature (he refuses to veto or sign the measure). The law includes an income tax of 2 percent on all personal income greater than $4,000 and on all corporate income above operating expenses.
The Wilson-Gorman Tariff of 1894 (also called the Income Tax Act of 1894) was a bill passed by Congress that reduced the Tariffs on certain imports into the United States. The final version lowered duties slightly, but added a number of other provisions. One of these was a 2% federal income tax.
Jul 22, 2015 · Cleveland himself ran on a platform of lowering tariffs as defined in the Democratic platform of 1892: Cleveland won the election and saw it as a mandate for tariff reform. His first order of duty was to get the Wilson-Gormon Tariff act passed, which congress did in August of 1894.
Cleveland worked with Congressman Wilson, chairman of the Ways and Means Committee, to draft a tariff reform bill, which Wilson introduced into the House on December 19, 1893.
