• Stocks Rally Despite Higher Jobless Claims

    3 days ago - By Crossing Wall Street

    April 15 is traditionally Tax Day, although not this year. In my opinion, April 8 is a better representation of the power of government versus the people. There were three key events that defined government power that happened on April 8.
    On April 8, 1895, the Supreme Court ruled Congress's income tax unconstitutional. This decision was later overruled by the 16th Amendment.
    On April 8, 1952, President Truman nationalized the steel industry. Most Americans don't realize this happened. Once again, the Supreme Court overruled the decision.
    Perhaps the biggest one came in 1943. That's when...
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