Agricultural relief: Export debenture plan

Export debenture plan (Pt. 5)

Bibliographic data

Multivolume work

Identifikator:: 1831932415

Document type:: Multivolume work

Title:: Agricultural relief

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Collection:: Economics Books

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Volume

Identifikator:: 1831934671

URN:: urn:nbn:de:zbw-retromon-232129

Document type:: Volume

Title:: Export debenture plan

Volume count:: Pt. 5

Place of publication:: Washington

Publisher:: Gov. Pr. Off.

Year of publication:: 1928

Scope:: III S., S. 299 - 427

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Statement of Louis J. Taber, master national grange, Columbus, Ohio

Collection:: Economics Books

318 AGRICULTURAL RELIEF Mr. Taper. I am going to turn to another subject, the question of aluminum hollow ware. I may mention that in 1920 the value of imports for consumption coming into the United States was $422,000, and the revenue on that $105,000; in 1921 the revenue was $168,000. In each case the average ad valorem duty was 25. In 1922 a large influx was coming in to try to get ahead of the tariff, and $345,000 in revenue was paid; or, during the last three years, under the old law on aluminum kitchen ware $619,149 was collected in revenue. Under the new schedule during the last three years we collected only $298,009. Ir other words, the net loss in revenue—and the majority of this committee voted for this schedule and the President signed it, was $391,140. You benefited the aluminum manufacturer but you keep money out of the Treasury. Mr. Swank. You remember how the Republican Party members voted for that. Mr. Taper. I said the majority. I do not know your politics. Mr. Kinocmrroe. The majority in numbers, do you mean? In other words, that is practically a prohibitive tariff for the benefit of the industry in this country. Do you think that was a good provision ? Mr. Taser. I am not discussing the provision. Mr. Kincueror. I was just wondering whether that helped the housewives of America, the farmers’ wives that used aluminum. ; Mr. Taser. I am talking about a system to bring the tariff to the armer.. . (The statement submitted by Mr. Taber, D-2, is as follows:) Effect of high tariff rates on total duty collected—Aluminum hollow ware [U. 8. Tariff Commission] aa L127 | —— 1921. 199° TTTTTTRTTT TmmromommomomoEnmes Value of imports $422, 024 672, 239 =oN £02 Duty rollected $105, 506 168, 060 DAF EO Equiva- lent ad valorem rate 25 25 45. 43 C 1925... 1926. ____. 1097 77.19 78.30 oa 2 N00 Net loss in revenite £201 140 We will take up another schedule. During the three years—1920, 1921, and 1922—under the low schedule on pocketknives and pen- knives we received in revenue $1,278,652, and the average ad valorem equivalent was 57 per cent. We raised the tariff resuting in an average ad valorem equivalent of 115, and the revenue was $923,868, a net Joss to the Treasury of the United States of $354.784.

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