One Year: 1942 | 1. The Most Hated Man in America
Slow Burn
00:00
Higher Taxes and War Bonds Are a Win-Win Proposition
With Henderson's support, FDR pushed through the largest tax increase in U.S. history. The maximum income tax rate would get jacked up to 88% for the wealthiest Americans. War bonds were another win-win proposition: They'd yank money out of people's pockets and help bulk up the military. But Leon Henderson, new taxes and war bonds alone wouldn't keep costs from spiraling.
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