4 meanings of TPDES acronym and TPDES abbreviation. Get the definition of TPDES by All Acronyms dictionary. Top Definition: Texas Pollutant Discharge Elimination System
Originated in 1913, the income tax is one of them. The federal government raises revenue with the income tax, where it used tariffs prior. The Underwood Tariff Act of 1913 sought to control tariffs by reducing them and replacing lost revenue via the income tax.
Its passage was Wilson's first political victory as President and encouraged him to continue his New Freedom reforms. With the Underwood Act successfully passed into law, Wilson then turned to reforming the national banking systemâa battle that proved much more difficult.