Which of the Following Was True of the Revenue Act

question 24

Multiple Choice

Which of the following was true of the Revenue Act of 1935?

• A) It was a direct attack on the capitalistic system according to Roosevelt and would mark an end to the era of Big Business.
• B) It increased federal revenue significantly and gained the support of the wealthiest individuals of American society.
• C) It raised taxes on incomes above a certain amount, in part due to stories that many wealthy Americans were not paying taxes.
• D) It successfully created an equal distribution of wealth in America, which became a model for many other countries.
• E) It was Roosevelt's response to Huey Long's proposed "soak-the-rich tax" at the center of his campaign for president.