The commercial. (Union City, Tenn.) 190?-193?, 1912-10-11
Facts and Figures.

Chairman Of the Ways and Means Com
mittee and Majority leader of the Hous
of Representatives, gives to the publ
the following report:
The farmers Free List bill, passe
by the House, would have saved tn
people $500, OO0,O annually. Thi
bill removed the duty from agriculture
implements, of which $50, 900, 900 wortl
were exported and only $165, 900 wortl
were imported during the last fiscal year
sewing machines, fence wire, bagginE
and cotton ties, lumber, laths, shingles
meats, flour, salt, leather, shoes, etc.
Under our tariff law a barrel of tioul
valued at 81 abroad is taxed at 20 pei
cent. ad valorem at our ports, or ST or
the barrel This bill removed the entire
tax.
Beef valued at $3.50 per 100 pounds
abroad pays a tariff tax equivalent to
1888 per cent, or 80 per 100 pounds.
This bill proposed to remove this entire
tax.
The Democratic wool bill proposed to
reduce the average rate of duty on wool
manufactures from 90.l0 per cent. to
As. SO per cent. President Taft's veto
of this measure means that the Ameri-
can people will pay $50,000,0O0 more
for their clothes this year than they
would have if President Taft had signed
it.
A wool hat valued at 81 abroad and
taxed rs cents upon its entry into the
United States, under the present tariff
law, would have been taxed only 40
cents.
Flannel underwear valued at $27 per
dozen suits is taxed under the present
law at the equivalent advalorem rate of
about 106 per cent. The Democratic
bill proposed to reduce this to 40 per
cent. A suit of ready-made wooden
clothing worth in Europe $40 is taxed
under the present law at the equivalent
ad valorem rate offs per cent, or$ so.
The Democratic bill proposed to reduce
this tax from IS to 40 per cent. and
save the consumer $3.50 per suit.
The cotton bill reduced the duties on
cotton manufactures from 1912 per
cent. to 27.06 per cent, a reduction of
the tariff burdens under this schedule
rom not less than 5000, 100000 to
about $112, 100000 for a year, or
saving of about $SS, 900, 900 for a twelve
month period.
Mems cotton half hose valued at
lightly cents per dozen pairs wholesale
re taxed under the present law at the
quivalent ad valorem rate of about 90
'er cent. The Democratic cotton bill
proposed to reduce this to 40 per cent
1t proposed to reduce the tax on cot
on thread from an equivalent rate of
4 per cent. to Is per cent. A suit of ;
eady-made cotton clothing valued at i
ne foreign port at Sc is taxed under our ,
resent law so per cent. ad valorem, or I
3 suit. This Democratic bill pro- |
osed to reduce this tax to 80 per cent. !
nd save the consumer 81. 20 per suit. {
The bill revising the metal schedule '
,duced the average rate of duty on the {
ltire schedule from 1885 per cent.
IMPORTS of 1910 to 22.42 per cent. 8
his revision, it is estimated, would
ave saved the American consumers in
twelve-month period more than $780,
1000.
The revision of the chemical schedule g.
ould have effected a saving to Ameri-
N consumers Of about $17 200, 900 by 6
ducing the price of all chemicals and
the same time the revenue to the
Overnment would have been increased.
The bull placing sugar on the free list
ould have saved during a year not less
IAN $115, 000,0 900 to the consumer.
be tariff tax on sugar amounts to
bout u cent per pound. The
mount of sugar consumed in cont '
entail United States in 1911 was about !
663, 100000 pounds, and the appli- |
Ition of Il cents per pound to this con- {
Imption affords the estimate of $115,-
10000 as representing the saving to
e people. 9
The House passed bill providing for i
! excise tax on incomes, thereby trans
rring a considerable portion of the tax .
lrdens to the wealthy, which are es- r
ping their proper portion.
The Excise Tax bill passed by the
ouse provides for the extension of the l
Tax law so as to include in
viduals, firms and co-partnerships. 1t
complishes the very desirable purpose
fran Starring tay burdens from tba-a |