The New Deal II (1935 – 1939) continues: Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq.—without a constitutional amendment—signs the Revenue Act of 1936, raising the marginal income tax rate on incomes of over 5,000,000 “dollars” per year, from 75 to 79%.
NOTES:
- From 1932 to 1940, Roosevelt signed tax increases tripling the income of the Federal treasury. Yet the annual budget deficit climbed from 2.2 billion “dollars in 1932, to 2.9 billion “dollars in 1940.
- NOTE: As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[added 7/16/2022] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Vernoique De Rugy, “State Should Heed History,” Orange County (California) Register, 30 March 2003, Commentary:2.
The New Deal
www.uri.edu/artsci/newecn/Classes/Art/INT1/Mac/1930s/new_deal.htm