Word: sugars
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Dates: during 1920-1929
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...farmer, needing a chance to diversify his crops, needs the tariff protection as much as other industries need their protection. Only by maintaining the sugar tariff can the U. S. be made selfsupporting, or approximately so, in sugar productions...
...reduce the duty on sugar½c, as recommended by the majority, would cost the Government $40,000,000 a year in revenue...
...reduce the tariff would destroy-at least in part - the domestic sugar producing industry. Then foreign producers, having a virtual monoply, might boost the price. For the protection of the consumer as well as the farmer, the sugar tariff should not be reduced...
Political Results. The President's decision is sure to arouse Democratic criticism, which should rise in crescendo as the Congressional elections next year approach-especially if the retail price of sugar should increase...
...proposal to reduce the tariff for British-grown sugar was passed, 190 to 98. Chancellor of the Exchequer Winston Churchill claimed that it was absolutely necessary to protect the West Indian and other sugar industries or see them go bankrupt...