Underwood Tariff Act

E126017

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.

All labels observed (5)

How this entity was disambiguated

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 ⓘ
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 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 ⓘ

How these facts were elicited

Referenced by (14)

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 ⓘ
linked to: Underwood Tariff Act
Fordney–McCumber Tariff → replaced → Underwood–Simmons Tariff ⓘ
linked to: Underwood Tariff Act
63rd United States Congress → passed → Underwood Tariff ⓘ
linked to: Underwood Tariff Act
New Freedom domestic program → hasPart → Underwood Tariff Act ⓘ
Revenue Act of 1913 → alsoKnownAs → Underwood Tariff Act ⓘ
Revenue Act of 1913 → alsoKnownAs → Underwood Tariff ⓘ
linked to: Underwood Tariff Act
United States tariff law → historicalPredecessor → Underwood Tariff ⓘ
linked to: Underwood Tariff Act
Payne–Aldrich Tariff Act → followedBy → Underwood Tariff Act ⓘ
Wilson administration → legislation → Underwood Tariff Act ⓘ
Underwood–Simmons Act → alsoKnownAs → Underwood Tariff Act ⓘ
Underwood–Simmons Act → title → An Act To reduce tariff duties and to provide revenue for the Government, and for other purposes ⓘ
linked to: Underwood Tariff Act
Oscar Underwood → notableWork → Underwood Tariff Act of 1913 ⓘ
linked to: Underwood Tariff Act
Woodrow Wilson → signedIntoLaw → Underwood Tariff Act ⓘ