In honor of President’s Day, I thought it would be fun to try and match U.S. Presidents to their tax policies. For purposes of clarification, I am well aware that tax legislation is Congressional, not presidential, but the President sets the tone for policy and action, so that’s the framework we’re using for the tax moves.
Try and guess who did which tax move throughout the day. I’m not promising fabulous prizes – mostly, it’s just for amusement and interest – but depending on how it goes, I might have a little something in the prize box. So, guess away.
Pushed through a 1% net corporation income tax which included a publicity requirement that all corporate tax returns be open to public inspection.
So who did it? Guesses?
Wilson?
I think it was Taft, although the idea may have come from his predecessor, Teddy Roosevelt.
Mike, you’re right, it was Taft!