The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-11-21
BILLION TARIFF
BILL TO BE PUT
UP PTOCONGRESS
G. 0. p. Senate Whip Plans
to Cut Government Ex-
pense to 3 Billions.
STARTS IN DECEMBER
Three Times Present Rates
to Meet Flood of Cheap
Foreign Products.
DOMESTIC LEVIES LOWER
Soda Water, &C., to Be Exempt
and Liberty Bond Refund
ing Measure Planned.
STARTS IN DECEMBER
DOMESTIC LEVIES LOWER
Special Despatch to THE New York HERALD.
New York Herald Bureau,
Washington, ID. C., Nov. 20 (

Special Despatch to THE NEW YORK HERALD.
New York Herald Bureau,
Washington, ID. C., Nov. 20.
increasing tariff duties TO an extent
that will yield $1,000, ,00o 900 annually
and reduction of Government ex-
penditures to $4,000, 900, 900 for the
fiscal year beginning July /, 1921, thus
leaving only $4,000, O00, 900 to be raised
by taxes, IS the programme Senate Re-
publicans will adhere to In revision
of the tariff and revenue laws, Senator
Curtis (Kansas), Republican whip in
the Senate, said to-day.
The increased tariffs suggested by
Senator Curtis would have to aver
age more than three times the present
levies. even without taking into con-
sideration that higher duties might
decrease imports and thus reduce the
total revenue. The present Demo-
cratic tariffs yielded s322, 1902, $50 dur
ing the fiscal year ending June 80,
1920.
The Senator is OF the opinion that
piil " Slciu @l,VVV,VOV,VVV can De
framed readily
Nation Must he Protected.
''The United States must protect it.
self" he said. against the flood of cheap
foreign products certain to come into the
country as the shipping situation begins
to adjust itself Foreign countries have
large amounts OF raw and finished prod
ucts which they are anxious TO bring
into this country because of the great
purchasing power of our people They
can afford to pay high tariff because
Of the prevailing prices here. Prices are
high abroad. but there is no market such
as we have in this country. In addi-
tion tie foreigners are anxious TO unload
their surplus on this country in the hope
of reestablishing credit.
II believe billion dollar tariff bill
that viii be both practicable and feasible
can be worked out under the Harding
Administration. An extra heavy levy
could be placed on products that come in
direct competition with those of our
country. thus producing more revenue.
while at the same time rates could be
made lower on products that this country
needs IL we are able to write a billion
dollar tariff bill the problem Of domestic
taxes will in large measure have been
solved. I feel confident that the next
Congress easily can reduce the annual
Government expenditures to near the
three billion mark.
Would Weed out Employees.
This would necessitate only $4,000
600. 600 in taxes. as compared with more
than s4.0OO.O00,O0 during the present
year. I believe the present army Of
country can be greatly reduced. par
ticularly I'm Washington"
Senator Curtis indicated that one OF
the first steps In revenue law revision
will be repeating the annoying petty"
taxes on soda water. ice cream, theatre
admissions, wearing apparel and things
In common use Another suggestion that
will get immediate attention is simpl-
fication Of the income tax law. he said.
He also indicated that n Liberty bond
bill along lines suggested by President
elect Harding. who recommended pro-
visions for exchanging present bonds
for a new issue under conditions that
will assure the maintenance Of par,
would be presented. The Senator said
that no had already arranged confer
ences for these purposes between the
Senate Finance Committee and the Com
mittce on Ways and Means OF the
House. He hopes much Of the prelimi-
nary work toward tariff revision can
be done at the short session Of the sixty
sixth Congress.