Western Carolina Democrat and French Broad hustler. [volume] (Hendersonville, N.C.) 1913-1915, 1913-07-31

n not for the purchaser of his wares.
Not SO with the free list of this
Dill Under it the articles transferred
to the free list are of three kinds.
1. Finished Products. Obviously
q ultimate consumer should get the
beneht of this remission of the tax
2. Raw products which go directly
into the homes of the people and are
fnally consumed in their raw state.
The ultimate consumer should get the
benefit of this remission of tax.
8. Raw or semi-raw materials of
the manufacturer.
"Coincidently with untaxaing these
raw materials of the factory, the mill
reduced rates ON the finished products
made from them to a competitive ba-
sis, so that the consumer as well as
the manufacturer may get the bene-
mt of the remission of the duty on the
raw product.
L cannot understand how the al
thor and champion of a law which ad-
nits "a per cent of all imports free of
tax. which imposes a duty upon the re-
raining 40 per cent largely in excess
of what is needed for the purposes of
protection upon their own theory of
the proper measure of protection can
~denounce this bill which reduces that
admittedly excessive tax only about 27
per cent, and after all it's reductions
retains an average ad valorem of yer
20 per cent-an average higher than
any other country in the world except
Russia and possibly one other-can
claim that this is a free trade bill, I'M
less they mean to be understood as
asserting that all the world except
Russia and ourselves are at present
CT a free trade basis"
Chairman Simmons here said:
Undoubtedly there will be increas-
ed importations under this bill; that
was intended and provided for in the
reduction in rates it makes. You
cannot revise the tariff so as to give
relief from present tariff burdens ex-
cept by charging opportunities for i'm
portations. Undoubtedly, On the 9TH
| er hand, there will be increased eX-
rortations under this bill. That was
also intended by it's trainers and is
provided for In such. ways as was
found possible and practicable.
ITO this end it INTAKES the things
the farmer employs in making the
products he sells abroad. 1t untaxes
the raw materials of the manufactur-
er. 1t largely untaxes the material
used in the construction of his plant
and the machinery needed for its
equipment to enable them to meet
their foreign competitor on more adj
vantageous terms, not only at home
but abroad.
ain short, it seeks in such ways as
are open to establish upon a broader
basis that spirit of comfy on which
international good will result, to re-
move hampering restrictions, to broad
en- the basis of international trade
and enable the American producer to
take advantage, in greater measure
than has been possible under existing
tariff conditions, of our great national
opportunity in the market places of
the world.
Mr.. President, the passage of this
bill will not result in closing facto-
rfes; it will not throw labor out of m
ployment. On the contrary, l conf
dentially predict that it will open n
broader field to our manufacturers
and farmers, both at home and abroad.
and that the expansion of our trade at
home and abroad will open new op-
Iortunities to industry and enlarged
employment for labor"
Income Tax.
Discussing at some length the pro-
Visions of the income tax section, Sen
ator Simmons said in part:
"The adoption of the amendment to
the Constitution authorizing Congress
to tax Incomes has made it possible,
in revising the tariff upon the lines
OF the new principles of this bill, to
make many remissions and reductions
CT tariff duties in the interest of a fair
and just distribution of the burdens
of government and for the relief of the
people from oppressive exactions
which, on account of the revenue
needs of the Government. would have |
been impracticable but for the addi-
tional source of revenue furnished un-
der the authority of this benefcent
and long-delayed amendment to the
organic law.
''The income section of this bill is
not framed upon the theory that the
chief object of an income tax is to sup
ply deficit in revenue, but, on the on
trary, it is based upon the theory
that property should bear its just
snare of Federal as we'll as State tax
alton, and that therefore the rate of
this tax should be fixed with a view to
requiring the wealth of the country
as reflected m the income of the we'll
to-do to contribute equtably to these
expenses.
under the old system, from which
this income tax amendment enamel
pates us, the money for defraying the
expenses of the Government was OBJ
tained from a tax on consumption
that is, a tax on the things the indi-
Vidual man consumes, and as the &C
tual necessities of food and raiment
OF the poo rman are relatively the
same as that of the rich man, the re-
suit was that the rich man paid but
little more tax to support the Govern
ment than the poor man.
why this unjust system should
have been allowed to continue SO long
it is difficult to understand. 1t is as