15. By law, all tax laws must originate with the

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13 October, 21:19

15. By law, all tax laws must originate with the

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By law, all tax laws must originate with the House of Representatives.

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Laws that involve taxes affect the economy of any country because the amount of revenue raised through taxes will control the amount of services that the government can afford to offer to its citizens. A legislative process is taken by the congress to pass a Federal law. The process starts with the Representatives by preparing a proposed law called a bill. The congress then approves the bill which is then forwarded to the president for signing for it to become a law. The constitution declares that all bills for raising revenue shall originate in the House of Representatives and the congress will have the power to lay and collect taxes. The president has the power to recommend changes to the current tax laws but only the congress can effect the changes.