Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Revenue Act of 1940, dropping the standard deduction for married couples from 2,500 to 2,000 “dollars,” and raising the top corporate income tax rates from 19 to 33%.
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 7/24/2022] Thanks to Bill Holmes for this entry.
Democratic de facto President Franklin Roosevelt, Esq., signs House Resolution 9958, restoring to the Reconstruction Finance Corporation the emergency powers it had as the War Finance Corporation. Among these emergency powers is the authority to make loans to weapons manufacturers.
[added 7/24/2022] Thanks to Jim Lorenz for this entry.
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
House Resolution 9958, 54 Public Statutes at Large 573 (1940).
Robert Higgs, Crisis and Leviathan: Critical Episodes in the Growth of American Government, (Oakland, California: The Independent Institute, 1987), 203-04.
Encyclopedia of Banking and Finance, s.V. “NewDeal,” 753.
us events
www.duke.edu/~charvey/Country_risk/chronology/us-events.htm
Revenue Act of 1940 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Revenue_Act_of_1940
Current U.s. National Debt:
