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In 1894, a compromise revenue act, the Wilson-Gorman Tariff, lowered average tariff rates slightly (it also imposed a 2 percent income tax on the wealthy, although the Supreme Court struck down the tax provision in the following year); Cleveland, who was then serving his second term, opposed the Wilson-Gorman Tariff but allowed it to become law without his signature, arguing that it was at least a slight improvement over the McKinley Tariff.
The Wilson-Gorman Tariff Act of 1894 imposed a 2% income tax to fund reductions in tariff rates; however, the U.
It was part of the Wilson-Gorman Tariff Act, which became law without the signature of Pres.