US Presidency
1909

It will be found that in Schedule A the increases covered only luxuries perfumes, pomades, and like articles; Schedule H wines and liquors -which are certainly luxuries and are made subject to increase in order to increase the revenues, amounting to $ 462,000,000; and in Schedule L silks -which are luxuries, certainly, $ 106,000,000, making a total of the consumption of those articles upon which there was an increase and which were luxuries of $ 579,000,000, leaving a balance of increase on articles which were not luxuries of value in consumption of only $ 272,000,000. as against $ 5,000,000,000, representing the amount of articles entering into the consumption of the country, mostly necessities, upon which there has been a reduction of duties, and to which the 650 decreases applied. Statement. Schedule. Consumption value. Duties decreased Duties increased.