The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1913-04-10
TARIFF BILL CUTS s.
HIGH LIVING COST
Measure Approved by Wilson Is
introduced.
RAW WOOL ON FREE LIST
Underwood Sgys Aim 10 to SLASH
Rates on Necessities, to Tax
Luxuries and Restore
Competition.

Washington, April S.-The new
| Democratic tariff revision bill wal
presented to the house. Its striking
features are:
Removal OF all tariff from man,
articles OF food and clothing.
Broad reductions in the rates q
duty on all necessaries OF life.
Increase OF tariff on many Injuries
New income tax that would reach
the pocket Of every American citizen
whose net income exceeds $4,000,
Placed on Free List.
Sugar would be free OF duty In
1916, the bill proposing an Immediate
% per cent. reduction and the re-
moval Of the remaining duty in 1919.
Raw wool would be made free at
once, with a corresponding heavy re
duction in the tariff on all wooden
goods.
All these other articles are put on
the free list namely:
Meats. -four. bread, boots and shoes,
raw wool. coal harness, saddlery,
iron ore, milk and cream, potatoes,
salt. swine, corn, cornmeal, cotton
bagging, agricultural implements,
leather wood pulp. bibles, printing
paper, typewriters, sewing machines,
typsetting machines. cash registers,
steel rails. fence wire. cotton ties.
nails. hoop and band iron. fish. sui
phur. soda. tanning materials. acetic
acid sulpburic acid. borax, lumber
and products.
These principal items are taken
from the free list ald taxed.
Rough and uncut diamonds and pre-
cious stones 10 per cent.
Furs. 10 per cent.
Coal tar products. 10 per cent
Volatile oils, 20 per cent.
Spices, from cent TO cents a
pound
The new rates are estimated TO re-
duce the customs revenue about $50
600 1000 year. This is expected to be
made up by the income tax.
While wheat -four is put on the free
list. a duty OF 10 per cent is imposed
against countries which levy duty
on American -four. This will exclude
-four from Canada and some other
countries.
Designed to Fulfill Pledges.
Endorsed by President Wilson. the
measure represents the efforts Of the
president aud house tariff makers 10
carry into effect Democratic pledges
Of downward revision and OF conces-
sions to the American consumer.
Rates on farm products would be
cut throughout by more than so per
cent. in an effort to reduce the cost
OF food
Protection to the steel and nipple
ment manufacturer would in turn be
cut by fully as wide a margin.
Heaviest reductions fall on food
stuffs, agricultural products, wooden
and cotton clothing.
The free wool proposal backed by
President Wilson and accepted by the
house committee. Is expected to pro
woke severe fight within the Demo
cratic ranks Of both houses. II had
not become clear whether the Demo
cratic opponents OF free wool and
free sugar in the senate would be able
to force compromise on one or both
these provisions
Rates Of the Income Tax
The income tax. which will trans.
fer indirect taxes levied through the
tariff into a direct tax on the incomes
of individual citizens and corpora
tons exempts all sums below $4,000
Income In excess OF that amount will
pay ! per cent tax up to $4,000 .
per cent from $4,000 to $4,000; 3
per cent from $4,000 to 100000,
and per cent above that figure.
The present corporation tax. levy
Ing ! per cent. on corporation in
comes above $4,000. would be re-
tanned as part Of the income tax.
To encourage trade with foreign
countries. the bill would reverse the
maximum and minimum provision of
the present tariff law. The new tariff
rates would be the maximum tariff,
and the president would be given
authority to negotiate reciprocity
treatiest and make concessions 20
countries that grant favors to Ameri.
can exports.
Underwood Makes Statement.
In statement accompanying the
bill Chairman Underwood said the
measure would. in the opinion OF its
makers, revise the tariff ito basis
OF legitimate competition. such as will
afford a wholesome influence on our
commerce, bring relief to the people
In the matter Of the high cost of liv.
ing and at the same time work nc
detriment to properly conducted
manufacturing industries"
I'm its tarifr revision work tho
committee has kept in mind" he
said "the distinction between the
necessities and the Injuries or life
reducing the tariff burdens on the
necessities to the lowest points com
mensurate with revenue and require
ments, and making the Injuries o,
life bear their proportion OF the tarin
responsibilities Many items OF manu-
facture controlled by monopolies hav,
been placed on the free list"
Reductions on Necessarles.
! Chairman Underwood gave the fol