Aug. 5, 1861: Needing cash to finance the Civil War, President Abraham Lincoln signed the Revenue Act — imposing the first federal income tax. Lincoln and Congress agreed that all incomes over $800 would be taxed at a 3 percent rate. Lincoln knew that taxes would be unpopular. But he recognized that America needed to pay for its wars.
Aug. 5, 1963: President John F. Kennedy signed a treaty with Great Britain and the U.S.S.R. banning nuclear tests in the atmosphere, space, and underwater.
Aug. 5, 1974: President Richard Nixon admitted withholding information on the Watergate break-in. He resigned four days later.
Aug. 5, 1981: President Ronald Reagan fired 11,359 striking air traffic controllers, saying they were violating federal law.
Quote of the Day
"Republicans are for both the man and the dollar, but in case of conflict the man before the dollar." -Abraham Lincoln
More from West Wing Reports...
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The 11 worst fast food restaurants in America
- 7 things the world's happiest people do every day
- 7 grammar rules you really should pay attention to
- Why are so many parents being arrested?
- 9 things you probably didn't know about the moon
- The biggest lesson Obama failed to learn from Bush
- Israel has only two choices: Eliminate the Palestinians or make peace
- Why America is duty bound to help Iraqi Christians
- What if The Purge was real?
- What would a U.S.-Russia war look like?
Subscribe to the Week