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A RECONSIDERATION OF THE REVENUE ACT OF 1932

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Author(s): David A. Zalewski

Journal: Essays in Economic & Business History
ISSN 0896-226X

Volume: 24;
Issue: 1;
Date: 2006;
Original page

ABSTRACT
The Revenue Act of 1932 surpassed any previous American peacetime tax increase. To many economists a tax increase is an inappropriate response to depression. Notwithstanding, the tax reduced fears about financial instability by temporarily resolving uncertainty about the federal budget.
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