Full text: Export debenture plan (Pt. 5)

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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