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Which of the Following Was True of the Revenue Act

Question 48

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.

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