How does the President play a role in enacting laws related to taxes?
The President plays a role in enacting laws related to taxes by providing assent and granting consent. A law proposed by the Legislature of a State must be reserved for the consideration of the President, and it will not have any effect unless it has received his assent. If such a law provides for the fixation of tax rates and other incidents through rules or orders made under the law by any authority, the law must also provide for obtaining the previous consent of the President to the making of any such rule or order.