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5/23/25

Tarrifs: I learned something about History this morning

 


I learned [The Tariff Act of 1789] about History this morning:

Signed by George Washington, The Tariff Act of 1789 was the first major piece of legislation passed by the United States Congress after the Constitution was ratified. It was signed into law by President George Washington on July 4, 1789. The act aimed to raise revenue for the government, protect domestic industries, and encourage the development of manufacturing. There was no INCOME TAX then. Federal money all came from tariffs. Now it comes from YOU. 

Hamilton created the COAST GUARD to catch ships trying to avoid the Tariffs. They uses fast boats called CUTTERS.

The Socialist, FDR, started taking Fed tax directly out of the paychecks directly to pay for debt from WWII. Abe Lincoln started an Income Tax, that was temporary, because during the Civil War most of the ports were in the South. Lincoln needed money to fund the war.

#Trump #Tariffs #GeorgeWashington #CoastGuard #Madison #JamesMadison