Unit 11 Section 2 by Oscar Franco https://padlet.com/342867/nu4pokmtnsv7 The Expressed Powers of Money and Commerce en-us 2018-10-23 20:30:55 UTC 2025-12-12 12:00:30 UTC hello@padlet.com The Power to tax is an expressed power given to congress by the constitution. 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296190593 This allows them to put a tax on the goods that are sold within the country.]]> 2018-10-23 20:37:50 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296190593 The purpose of taxing is meet the needs of programs that need money. 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296190833 A example of this is social security or spending the money on national defense.]]> 2018-10-23 20:38:35 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296190833 UNIT 11 Section 2 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296673976 The Expressed powers of money and commerce.]]> 2018-10-24 20:11:09 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296673976 However there are some limits on what congress can do with taxation. 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296674494 They cannot make the taxes too high or use the power of taxing to discriminate against certain groups. They cannot violate the 24th amendment. ]]> 2018-10-24 20:12:51 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296674494 Borrowing Power 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296679003 The us has the power to get a loan of money if it is needed however there is no restriction on the amount of money they can borrow at a time and this has lead to the huge national debt of today.]]> 2018-10-24 20:24:22 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296679003 Commerce power 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296680145 This is the power of the government that it has in the subject if foreign trade. Over time this as become stronger especially since the days of the Articles of Confederation. They have power over foreign trade by being able to tax the goods that come in or out.]]> 2018-10-24 20:27:18 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296680145 Limits on commerce power. 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296681154 Even though congress has the power to tax goods that come in our out of the country there is a limit to how much that they can tax. For example they cannot tax exports. They can also not favor certain states over others. They can also not charge certain states more for moving their goods.]]> 2018-10-24 20:30:09 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296681154 Currency power. 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296682534 This is the power that congress has to give the value of the us currency a certain value. The power was given to them in order to deal with inflation. They were the ones that also established legal tender this is any kind of money that a creditor must accept by law in order to pay off debts. Congress is also responsible for how our currency looks.]]> 2018-10-24 20:33:16 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296682534 Bankruptcy power 342867 https://padlet.com/342867/nu4pokmtnsv7/wish/296683701 This is the power congress has to give companies loans in case they start to go under due to them not being able to pay debts owed to banks or investors. This was made to protect the stocks of shareholders from becoming worthless.]]> 2018-10-24 20:36:37 UTC https://padlet.com/342867/nu4pokmtnsv7/wish/296683701