4 ms·

Doubtless named for The Smoot-Hawley Tariff Act which raised or lowered taxes? Anyone? Anyone?

• vulcan01 5y ago
  Raised tariffs, not taxes. It's an important difference, doubly so with regards to Smoot-Hawley because the whole point was to protect American companies (and therefore jobs) from foreign competition (of course, it did not work...).
  • gilgoomesh 5y ago
    (It was a Ferris Bueller's Day Off reference. Blame Ben Stein.)
    • vulcan01 5y ago
      ... and I have not yet seen Ferris Bueller, so I didn't get the reference. Consider us even ;)