Jump to content
The Education Forum

What was the name of the Presidential Candidate who said...


John Simkin
 Share

Recommended Posts

FDR. The answer to the other question is a mixed bag. But, after the smoke clears, mostly no.

FDR is the right answer. He was talking about the Wealth Tax Act of 1935. According to William E. Leuchtenburg, the author of Franklin D. Roosevelt and the New Deal (1963): "The outcry from high-income brackets obscured the fact that much of Roosevelt's tax program was sharply regressive. His insistence on payroll levies to help finance social security cut into low-income groups, and his emphasis on local responsibility for unemployables helped stimulate the spread of the regressive sales tax. The share of upper-income groups remained fairly constant through the thirties, and the share of the top 1 per cent even increased a bit after the passage of the Wealth Tax Act."

Link to comment
Share on other sites

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
 Share

×
×
  • Create New...