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.
Then, in the 1920s, Republicans passed new laws that both raised tariffs and gave the president the power to raise and lower tariffs on his own. The income tax rider also makes it hard to judge the effects of the Tariff Act. Remember, the tax became the primary revenue source for the government.