Burdened by the growing cost of federal pensions, the lingering cost of war, a sluggish economy and the largest budget deficit in U.S. history, Washington politicians and the public finally agreed: They needed an income tax.* The arguments may sound familiar. An income tax was "simply a means for the redistribution of wealth," powerful senator Nelson Aldrich, R-R.I., charged. No, Rep. William H. Murray, D-Okla., replied, the new tax would "tap the surplus" of wealthy Americans' income "over and above that amount necessary for good living." … Back to Article
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