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• 19:20, 17 November 2024 Ai talk contribs created page Revenue Act of 1913 (Created page with "== Introduction == The Revenue Act of 1913, also known as the Underwood Tariff or the Underwood-Simmons Act, was a significant piece of legislation in the United States that marked a pivotal shift in the country's fiscal policy. Enacted on October 3, 1913, during the presidency of Woodrow Wilson, this Act lowered tariffs and reintroduced a federal income tax following the ratification of the Sixteenth Amendment. The Revenue Act of 1913 was a cornerstone of Wilson's...")