On this day in 1913 the 16th amendment to the Constitution of the United States was authorized. This amendment provides the power to Congress to levy an income tax without regard.
During a speech to Congress, on June 16, 1909, President Taft proposed an amendment to the Constitution that would allow Congress to allow federal income taxes on individuals and an excise tax "upon the privilege of doing business as an artificial entity and of freedom from a general partnership liability enjoyed by those who own the stock."
On March 10th of 1910 the Oklahoma Ratified its Constitution.
President Taft, Republican, I am sure had no idea that the path of future fraud, waste, out of control spending, pork barrel projects and many other abuses would begin with him.
So it is with this knowledge that I take with me that even the best idea today may turn out to be the worst possible idea tomorrow.
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