The 1932 decision by hoover and congress to raise income is called what law?

Question

Bennett Wu

History

5 March, 19:49

The 1932 decision by hoover and congress to raise income is called what law?

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Answers (1)

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Lillian Little · Answer 1

The 1932 decision by hoover and congress to raise income is called Revenue Act of 1932.

Explanation:

Post the time of the great depression of 1929, the Hoover tried to increase the income by increasing the taxes and signed the Revenue Act of 1932 which increased the taxes from 25% to 63%. This resulted in a fall for the Hoover's presidency and Hoover suffered a defeat in the 1933 elections.