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Congress has the sole power to authorize the raising of funds through taxes for the Federal Government. Acts raising taxes must originate in the House of Representatives. As for trade, Congress has the power to regulate trade through taxes (tariffs), import/export laws such as banning the trade of certain items or requiring inspection at borders, the Senate can also ratify treaties that the President negotiates regarding trade

2007-10-07 11:52:49 · answer #1 · answered by JasonJD 1 · 0 0

They have all the power; the job of Congress is to PASS LAWS, including trade and taxes.

2007-10-07 18:43:22 · answer #2 · answered by Nothingusefullearnedinschool 7 · 0 0

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