Debates on Sinking Fund and Treasury Revenues in 1876
In the House of Representatives the discussion centers on the sinking fund and government expenditures for the next fiscal year. Speaker Burchard argues the bill raises no new taxes beyond past levels, cites Treasury receipts projections, and urges strict economy while examining appropriations to cover potential deficits. He compares import and export trends, notes expected revenue from spirits, tobacco, and sugar, and warns of a possible $20 million deficit after the sinking fund.
MENTIONED IN THIS ARTICLE
Mt Hale
Maine
Illinois
Burchard
Severa
Congress
Committee On
Treasury
Secretary of the Treasury
House
Treasury Department
Committee On Appropriations
Customs
Internal Revenue
Détne
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Ghera
Statesman Proposes Tax Reforms to Save Government Credit
In a fiscal speech the speaker argues for reducing the proposed $20,000,000 collection plan and reopening duties on tea and coffee. He cites distilled spirits, tobacco, and sugar as potential revenue sources, detailing historical tax levels, foreign comparisons, and projected yields to bolster government finances. He stresses maintaining credit and ensuring revenues cover expenses.
Tariff debate urges against repealing 10 percent reduction
The speaker argues against restoring higher duties, noting the 1872 cut saved industries and protected labor. He cites census wage data showing farm laborers far cheaper than iron and steel workers, and stresses broad harm to South and West economies if tariff cuts are reversed.
MENTIONED IN THIS ARTICLE
Rai Ducé
Paige
Laws
Allison
Smether
Illinois
Apeech
House
England
United States
Iron and Steel
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