Final answer:
The statement is false; only the House of Representatives has the power to introduce bills for raising revenue, as per the U.S. Constitution.
Step-by-step explanation:
False. All bills for raising revenue must originate in the House of Representatives, but the Senate can propose amendments.
Under Article I, Section 7 of the U.S. Constitution, the House of Representatives holds the exclusive power to initiate revenue bills. The Senate may suggest or agree with amendments as in other bills, but the proposal of revenue bills is reserved for the House. This division of responsibilities is designed to reflect the closer connection House members have with the constituents, addressing their immediate needs, while Senators, with broader state-wide constituencies, have more leeway to deliberate on legislation including potential amendments to these revenue bills.