The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1913-04-11
SUMMARY OF The TARIFF BILL

"aolliiS tOl, ApIii o.~INCllioFoi VA ia
tariff from many articles of food and
clothing; broad reductions in the rates
of duty on all necessaries of life; an
increase OF tariff on many luxuries,
and new income tax that would touch
the pocket of every American citizen
whose net income exceeds 81, 100000, are
the striking features of the new demo-
cratic revision bill presented today to
the house,
! Sugar would be free of duty in 1916,
the bill proposing an immediate rs per
cent reduction and the removal of the
remaining duty in 1916.
Raw wool would be made free at
once, with corresponding heavy re-
duction in the tariff on all wooden
goods.
All these other articles are put on
the free list, namely:
Meat, -four, bread, boots and shoes.
lumber, coal, harness, saddlery, iron
l ore, milk and cream, potatoes, salt,
. wine, corn, cornmeal, cotton bagging,
) agricultural implements, leather, wood
; pulp, Bibles, printing paper worth not
more than 2 1.2 cents per pound, type
writer's, sewing machines, typesettlng
Il machines, cash registers, steel rails,
Il fence wire, cotton ties. nails, hoop and
5 band iron, fish, sulphur, soda, tanning
implements. ascetic and sulphuric acids,
- borac, lumber products, including clap.
, boards, broom handles, hubs for wheels
posts, laths, pickets, slaves and
? shingles,
These principal articles are taken
> from the free list and taxed:
Z Diamonds and precious stones, furs
= coal tar products, 10 per cent; volatile
} oils, 20 per cent; spices, from ! to
2 cents per pound.
{ The income tax which will tranSfe
} indirect tax levied through the tariff
Z into direct tax upon incomes of tn
{ individual citizens and corporations
= exempts all sums below S4,OOO.OO.
= Incomes in excess of that amoun
{ will pay per cent UP to s2o,o0O.Oo, 2 pc
{ cent; from 100000 to 100000, 3 pc
) cent from 5O,0O0,00O to S100,000,00 an
Z 4 per cent above that figure.
) The present corporation tax, levyln
, / per cent on corporation income
Z above 100000 would be retained
6 part OF the income tax.
) In schedule l., dealing with cottol
z comparisons of the principal item
show reductions on cotton thread fro
{ s1.S4 per cent to 1929 per cent; on spo
thread from 22.ss per cent to Is p
cent; on cotton cloth from 4S.74 p
& cent to 1859 per cent; on water pro
cloth from 50.56 per cent to rs ter Gel
, on ready.made clothing from SO p
cent to 80 per cent; on collars and GU
from 64.0S per cent to Is per cent;
plushes from 51.40 to 40.40 per cent;
handkerchiefs from 5s07 to 80 per Gel
t lon stockings from 1888 to 50 per c.
on gloves from SELF to IS per cent;
underwear from so.27 to Is per &c
and nm cotton damask from 40 per CT
to2s per cent.
Schedule X, dealing with woods
wool manufactures, has been the cen
z of criticism for many years ana
committee has given 1t careful stu
The result has been to make raw W
free Of duty; to reduce yarns fromI'
to 20 per cent; blankets from 1875
LIS psr cent; fannels from s5.2s to
to IS DER cent; dress goods from .
Z to IS per cent; clothing from 1886
cent to IS per cent; weddings etc. =
AL per cent to IS per cent, and carl
ranging from 60 to 81 per cent to r.
ranging from 20 to IS per cent.
Nd Trimmed hats are given ON.
.- moderate reduction, being cut iron
-,.,-s. TO 40 per cent, while brooms are
/ stantially reduced. being cut from
Is per cent. Jewelry has been
but slightly, from 1914 to 60 per
Important changes in rates no
i Guided in the foregoing follow;
2 F oats, from Is cents to 10 cen
T bushel.
J. Rice, cleaned. from 2 cents to ] &C
! Ipound. :,
{ wheat, from Is cents to 10 ce'
:. 1 bushel.
Butter from cents to scents q
s. Cheese, from cents . poun0
per cent ad valorem.
.''---" Beans, from lS cents 70 20 cent
$@%I pound.
F Nursery cuttings and seedlings
. ! las per cent to is per cent.