A series of 1935 Roosevelt proposals for higher tax rates on the wealthy was likely designed to undercut Senator Huey Long's Share-Our-Wealth Plan.

Question

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Roosevelt felt threatened by Long's popularity and populist message, which called for a redistribution of wealth through a steep tax on the wealthy and the establishment of a guaranteed minimum income for all Americans. Roosevelt's proposals for higher tax rates on the wealthy were meant to appeal to similar concerns and undercut Long's appeal.

A Series of 1935 Roosevelt Proposals for Higher Tax Rates