Underwood Tariff Act

E126017

United States federal law tariff act tax law

The Underwood Tariff Act was a 1913 U.S. law that significantly lowered tariff rates and introduced a federal income tax, marking a major progressive reform in national economic policy.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (3)

Label	Occurrences
Underwood Tariff	4
Underwood Tariff Act canonical	3
Underwood–Simmons Tariff	1

Statements (47)

Predicate	Object
instanceOf	United States federal law ⓘ tariff act ⓘ tax law ⓘ
alsoKnownAs	Revenue Act of 1913 ⓘ Underwood–Simmons Act ⓘ
appliesTo	imported goods ⓘ individual incomes above exemption thresholds ⓘ
averageTariffAfter	approximately 25 percent ⓘ
averageTariffBefore	approximately 40 percent ⓘ
branchOfGovernment	legislative branch ⓘ
chamberOfOrigin	United States House of Representatives ⓘ
classification	revenue act ⓘ
country	United States of America ⓘ surface form: United States
dateEnacted	1913-10-03 ⓘ
economicGoal	increase competition ⓘ lower consumer prices ⓘ reduce cost of imported goods ⓘ
effectOnTariffs	lowered tariff rates ⓘ reduced average import duties ⓘ
hasLongTermImpactOn	decline of tariff as primary federal revenue source ⓘ structure of U.S. federal taxation ⓘ
ideologicalContext	progressive reform ⓘ
implementedConstitutionalAmendment	Sixteenth Amendment to the United States Constitution ⓘ
introducedInCongress	63rd United States Congress ⓘ
introducedTaxType	federal income tax ⓘ
jurisdiction	United States government ⓘ surface form: federal government of the United States
legalBasisForIncomeTax	Sixteenth Amendment to the United States Constitution ⓘ
namedAfter	Oscar Underwood ⓘ
opposedBy	Republican Party ⓘ
policyArea	economic policy ⓘ taxation ⓘ trade policy ⓘ
politicalGoal	curb protectionism ⓘ weaken special interests benefiting from high tariffs ⓘ
precededBy	Payne–Aldrich Tariff Act ⓘ
presidentDuringEnactment	Woodrow Wilson ⓘ
reformMovement	Progressive Era ⓘ
replacedBy	Revenue Act of 1916 ⓘ
revenueSourceShift	from tariffs to income tax ⓘ
reversedTrendOf	high protective tariffs of late 19th and early 20th centuries ⓘ
signedBy	Woodrow Wilson ⓘ
sponsoredBy	Oscar Underwood ⓘ
subjectOf	United States economic history ⓘ United States legal history ⓘ
supportedBy	Democratic Party ⓘ
targetedGroupForIncomeTax	higher-income individuals ⓘ
yearEnacted	1913 ⓘ

Referenced by (8)

Full triples — surface form annotated when it differs from this entity's canonical label.

Woodrow Wilson administration → notablePolicy → Underwood Tariff Act ⓘ

Fordney–McCumber Tariff → replaced → Underwood Tariff Act ⓘ

this entity surface form: Underwood Tariff

Fordney–McCumber Tariff → replaced → Underwood Tariff Act ⓘ

this entity surface form: Underwood–Simmons Tariff

63rd United States Congress → passed → Underwood Tariff Act ⓘ

this entity surface form: Underwood Tariff

New Freedom domestic program → hasPart → Underwood Tariff Act ⓘ

Revenue Act of 1913 → alsoKnownAs → Underwood Tariff Act ⓘ

this entity surface form: Underwood Tariff

United States tariff law → historicalPredecessor → Underwood Tariff Act ⓘ

this entity surface form: Underwood Tariff