Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1913-04-11
FOOD And CLOTHES
FREE FROM TARIFF
Democratic Congress Will Easet
Legislation For Benefit of the
Consumer.

c'i IiSlCo VI 1OOO cillO ClOlliiilS
broad reductions in the rates OF
duty on all necessaries of life,
an increase on tariff on many
luxuries, and a new income tax
that would touch the pocket of
every American citizen whose
net income exceeds $4,000, are
the striking features of the new
Democratic tariff revision bill.
presented today to the House.
Sugar would be free of duty
in 1916, the bill proposing an
immediate 25 per cent reduction
and the removal of the remain
ing duty in 1916.
Raw wool would be made free
at once, with a correspondingly
heavy reduction in the tariff on
all woolen goods.
All these other articles are put
on the free list, namely:
Meats, flour, bread, boots and
shoes, lumber, iron ore, milk
and cream, coal, harness, sad
dlery, potatoes, salt, swine,
corn, corn, meal, cotton bagging,
agricultural implements, leather,
wood pulp, Bibles, printing
paper not worth more than 2 1-2
cents per pound, tpyewriters,
sewing machines, cash registers,
steel rails, fence wire, cotton
ties, nails, hoop and band iron,
fish. sulphur, soda, tanning
materials, acetic and sulphuric
acids, borax, lumber products,
including broom handles, hubs
for wheels, posts, laths, pickets,
slaves, shin giles.
These principal items are
taken from the free list and
taxed: Rough and uncut di-
amonds and precious stones,
furs, coal tar products, 10 per
cent; volatile oils, 20 per cent;
spies, from l cent to 2 cents per
pound.
The income tariff, which will
transfer indirect taxes levied
through the tariff, into direct
tax upon the incomes of in
dividual citizens and corpora
tions, exempts all sums below
$4,000. Incomes in excess of
that amount will pay 1 per cent
tax up to $4,000; 2 per cent
from $4,000 to $4,000; 3 per
cent from $4,000 to $100, 900;
and a per cent above that figure.
The present corporation tax,
levying l per cent on corporation
incomes above $4,000 would be
retained as part of the income
tax.
Chairman Underwood's state
ment giving the change in
detail continues as follows:
In the ch emical schedule the
rates on certain commodities
show heavy reductions. For in
stance boracic aicd is cut, glue
and red lead. Moderate reduc-
tions have been made on
medicinal preparations, which
are cut from 25 per cent to Is
per cent; backing, drugs and
olive oil. The schedule contains
a number of articles on which
either no reduction has been
made or an advance provided
for.
Rates on all brick have been
cut on the average from 1923
per cent to 1923 per cent, tile
and asphalt.
''In the effort to relieve the
consumer, and to mitigate the
high and rising cost of living,
Schedule G, which deals with
agricultural products, has been
thoroughly revised and impor-
tant reductions have been made.
For instance. the duty on horses
has beer reduced from 25 per
cent to 10 per cent, cattle, sheep,
barley, macaroni, hay, fruits,
figs, lemons, live poultry; and
vinegar from 33.03 per cent to
1873 per cent. Other changes
are in proportion, and the
general effect has been to reduce
in a very material proportion
the heavy taxes upon imported
foodstuffs.
t'In Schedule l, dealing with
cotton comparisons of the prin.
cipal items show reductions or
cotton thread; and on cottor
damask from 40 per cent to q
per cent.
Flax, hemp, and thei1
products, have been s;mliarl,
dealt with.