Fernandez Tax Reform Bill of 1878

The Fernandez Tax Reform Bill of 1878 was a reform bill promoted by Mexican President Omar Kinkaid which placed a tax on corporations. Like the Thomas Railroad Reform Act and the Keefe-Wilkinson Social Insurance Bill, the Fernandez Bill was opposed by Bernard Kramer and a majority of the Continentalist Party caucus in the Mexican Congress. Nevertheless, Kinkaid was able to win passage of the bill thanks to a coalition between his minority faction of the Continentalists and the Liberty Party. The Fernandez Bill was later declared unconstitutional by the Mexico Tribunal.