The Expressed Powers of Money and Commerce by Jesus Hernandez https://padlet.com/345262/f67roxuus5n0 en-us 2018-10-23 16:50:58 UTC 2026-03-04 01:21:32 UTC hello@padlet.com 345262 https://padlet.com/345262/f67roxuus5n0/wish/296073379 The constitution gives Congress the power ¨ to lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defense and general Welfare of the United States...¨  
 ]]> 2018-10-23 16:59:47 UTC https://padlet.com/345262/f67roxuus5n0/wish/296073379 345262 https://padlet.com/345262/f67roxuus5n0/wish/296547022 A tax is a charge levied by government on persons or property to raise money to meet public needs.]]> 2018-10-24 16:27:51 UTC https://padlet.com/345262/f67roxuus5n0/wish/296547022 345262 https://padlet.com/345262/f67roxuus5n0/wish/296548598 Taxes are also sometimes levied to protect the public health and safety ]]> 2018-10-24 16:30:22 UTC https://padlet.com/345262/f67roxuus5n0/wish/296548598 345262 https://padlet.com/345262/f67roxuus5n0/wish/296550187 Congress does not have an unlimited power to tax. As with all other powers, the taxing power must be used in accord with all other provisions of the Constitution. ]]> 2018-10-24 16:32:53 UTC https://padlet.com/345262/f67roxuus5n0/wish/296550187 345262 https://padlet.com/345262/f67roxuus5n0/wish/296551986 A direct tax is one that must be paid directly to the government by the person on whom it is imposed. A indirect tax is one first paid by one person but then passed on to another. ]]> 2018-10-24 16:35:48 UTC https://padlet.com/345262/f67roxuus5n0/wish/296551986 345262 https://padlet.com/345262/f67roxuus5n0/wish/296553573 There are no constitutional limits on the amount of money that Congress may borrow, and no restriction on the purposes for which the borrowing can be done.]]> 2018-10-24 16:38:17 UTC https://padlet.com/345262/f67roxuus5n0/wish/296553573 345262 https://padlet.com/345262/f67roxuus5n0/wish/296555208 The public debt is all of the money borrowed by the Federal Government over the years and not yet repaid, plus the accumulated interest on that money. ]]> 2018-10-24 16:40:40 UTC https://padlet.com/345262/f67roxuus5n0/wish/296555208 345262 https://padlet.com/345262/f67roxuus5n0/wish/296556627 The commerce power-the power of Congress to regulate interstate and foreign trade-is as vital to the welfare of the nation as is the taxing power. ]]> 2018-10-24 16:42:35 UTC https://padlet.com/345262/f67roxuus5n0/wish/296556627 Limits on the Commerce Power 345262 https://padlet.com/345262/f67roxuus5n0/wish/296558751 Like Congress´s taxing power, its commerce power is not limited. It, too, must be exercised in accord with all other provisions in the Constitution. ]]> 2018-10-24 16:45:58 UTC https://padlet.com/345262/f67roxuus5n0/wish/296558751 The Second Constitutional Congress and then the Congress under the Articles issued paper money. Without sounding backing, and with no taxing power behind it, however, the money was practically worthless. From the beginning, the United Sates has issued coins-in gold, silver, and other metals. Congress charted the first Bank of the United States in 1791 and gave it the power to issue bank notes-that is, paper money. 345262 https://padlet.com/345262/f67roxuus5n0/wish/296561120 2018-10-24 16:49:48 UTC https://padlet.com/345262/f67roxuus5n0/wish/296561120 345262 https://padlet.com/345262/f67roxuus5n0/wish/296565045 A bankrupt individual or company or other organization is one a court has found to be insolvent-that is, unable to pay debts in full. Bankruptcy is the legal proceeding in which the ]]> 2018-10-24 16:56:09 UTC https://padlet.com/345262/f67roxuus5n0/wish/296565045