The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1913-04-11
TO REDUCE COST OF LIVING
Purpose Of the New Tariff Bill, Ae-
cordIng to the Committee.

Purpose Of the New Tariff Bill, Ae.
cordlns to the Committee.
Washington, April S.-The tariff bill
introduced in the house by Chairman
Underwood is designed, according to
the ways and means committee, to
make good the promise of the Demo.
cratic platform to reduce the cost of
living by removing or sharply re-
ducing the duties on the necessaries
Of life and products controlled by the
trusts. There have been added to the
free list many Of the products that
enter into the ordinary market basket,
and duties on articles that contribute
to the warmth and comfort of the
workingman and the average Ameri.
can have been slashed.
The users Of Injuries will find no
comfort In the new BILL They have
been called upon to assume a burden
fully as large as that laid on them by
the present Payne.Aldrich law, and in
addition the man Of wealth Is sum.
moned to contribute more literally
than ever to help remove the burden
OF taxation on those less able to
bear It,
About $4,000. 900 Of the revenue
needed by the government Is made
up by the imposition Of an income tax,
the first to be proposed under the re.
Gently adopted amendment to the fed.
eral constitution. All persons having
net incomes over $4,000 and also all
firms and corporations and partner.
ships with an equal income will be
called on to help make up this loss.
rhe incomes of the latter will be snb-
ject only to fat tax Of per cent.
but individuals will be- obliged to sub.
NIT to tax of graduated character,
increasing with the size Of the in
come.
Generally considered, the tariff bill
u radical downward cut where 1t
concerns the necessaries of life and
products that are controlled by al
legged monopolies.
The tariff bill contains important
new administrative features. It does
away with the maximum and mini
mum clause Of the present law and
substitutes for this system Of retalia.
tion provision for reciprocity
treaties.
Free Trade With Philippines.
II also provides for . preference for
goods carried In American bottoms
and contains features designed to
eliminate frauds from the customs
service. II puts the relations between
the United States and the Philippines
on an absolutely free trade basis, and
provides for the repeal Of the corpora.
tion tax Law. substituting therefor the
Income tAx.
The most impressive cuts In the
new bill relate to foodstuffs and cloth.
sng and raw material which ID used for
building purposes. The bill contains
. free list In which Il found these
items OF daily consumption: All
Sressed and prepared meats. flour.
bread. milk and cream. potatoes. salt.
swine, corn, cornmeal and fish.
The most impressive single cut In
The bill 10 that by which raw wool
goes on the Iree list. It 10 now taxed
. duty OF about 80 per cent ad valor.
en-. BY this single change the Demo
Gratis have reduced the revenues from
customs receipts about $l4,0OO,00C.
The bill also provides for ultimate
free susar It proposes an immediate
reduction OF 25 per cent and ths re-
movnl Of the remaining duty In three
years. Il eliminates the duties stand.
ard az the test for sugar and provides