Free List Tariff Revision Proposed With Income Tax
The 1916 Democratic tariff bill, unveiled in Washington, calls for removing duties from many foods and clothing, cut tariffs on necessaries, and adding an income tax on earnings over 4000 dollars. Sugar and wool move toward free status, while diamonds and some commodities face new levies. The plan aims to cut revenue by about 80 million dollars annually and shift indirect taxes to individuals and corporations.
MENTIONED IN THIS ARTICLE
Washington
House
Underwood
Ways and Means Committee
Wilson
House Committee
Senate
Louisiana
Tariff overhaul aims to ease consumer costs across commodities
Washington reports Chief Underwood outlines new tariff plan reducing duties on chemic als and many staples. Heavy cuts seen on glue olive oil brick asphalt glass and pig iron while luxuries like plate glass remain costly. Free list expanded for unmanufactured timber and other changes foster lower prices for consumers.
MENTIONED IN THIS ARTICLE
Washington
Cairman Underwood
Bornevield
Foodstuffs Get Largest Duty Reductions
Washington reports major tariff changes with free list status for white flour and substantial cuts across many items. Butter, eggs, cheese, beans, dried fruits, and fresh produce all see reduced duties. lemons and other fruits adjust rates by size and packaging. Woolen goods and textiles also affected as new rates are proposed.
MENTIONED IN THIS ARTICLE
Washington
Canada
Wilson prepares tariff views as Congress opens extra session
Washington April 7 Congress opens under Democratic rule as Progressives clash in the house and suffragists parade. President Wilson will address lawmakers tomorrow by word of mouth. Debates include seating disputes and a joint session plan. Tariff details show varied ad valorem rates across textiles, ceramics, glassware, and metal goods with broad changes under consideration.
MENTIONED IN THIS ARTICLE
Washington
Congress
House
Wilson
Victor Murdock
H. Olin Young
Michigan
Senate
Tomorow
Naten
Marshall
Willams
Clark
Jones R. Mann
Progressives
Wer
J. W. McDonald
Young
Income tax plan would tax earnings over four thousand
Washington April 7 The Democratic tariff revision bill includes a new income tax. Residents earning over 4000 would pay 1 percent on excess. higher rates apply for 20000 51000 and 100000. Sur taxes would rise to 38 260 for a million. The bill also re enacts a 1 percent corporation tax with exemptions.
MENTIONED IN THIS ARTICLE
Washington
Congress
The
United States
New Members Dominate Congress As Tariff Reforms Loom
Congress convenes in Washington for a special session facing tariff revision and currency reform proposals. Democrats control both chambers and the presidency, reshaping seating and boosting new member influence as Alaska railways and Philippine independence talks begin.
MENTIONED IN THIS ARTICLE
Washington
Philippine
Alaska
Biats
Wilson
Congres
Obvicer Aubiyety
Wade
Auc
Congress
Jim Bratehbes
Also Mentioned on This Page
Harris Ano Ewing
Van
Albert B. Cummins
Wales
India Rubber, Manufactures
FyoTo
Uofpett
Sica
Oscar W. Underwood
ASMAN
Wage and Means Committee On
Bieim
Champ Clark
John W. Kern
Iie
Ufe
Supreme
Inferior Courts
Marin Angawing, Wade
Sen
Robert M. LA Pollette
Cleveland
House of Commons
Howe
Bee
Aew Bere
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