Word: tariff
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...Return to Congress, however, substantive control over escape-clause proceedings by reserving to either house of the Congress the power by a majority vote of its members to override the recommendations of the Tariff Commission...
...Revitalize the U.S. Tariff Commission by establishing specific criteria which it is directed to consider in arriving at decisions on escape-clause proceedings. The U.S. Tariff Commission rather than Congress as a whole is best equipped to determine the forms and degree of protection for domestic industries...
...interested in your April 4 observation that "Before the [Senate] Finance Committee hearings were well under way, more than 100 amendments had been introduced, nearly all of them tossing a tariff sop to localized industries, with little regard for the common good." I sincerely hope that you were not including in that list of 100 amendments that which I have introduced . . . Briefly, the Watkins amendment would...
...dual role of Democratic fiscal and foreign-affairs expert, will play the key part. A longtime reciprocal trader, still holding firm against protectionist pressures from Georgia's textile and plywood industries, he may make the difference between an adequate bill and one riddled with amendments granting tariff sops to individual industries. ¶ When House Speaker Sam Rayburn pushed a patently political $20-a-head income-tax cut through the House, it faced a humiliating defeat in the Senate. Lyndon Johnson came up with a formula for watering down Rayburn's bill that was so appealing that it lost...
Because of its limited duties, OTC is no panacea for trade problems, but it should be approved, if only to secure the faith of our thirty-three allies. If Congress does not pass the plan, ensuing distrust might lead to new and higher tariff barriers and ultimately halt the expansion of world trade. By enacting OTC and its sister proposal, the Reciprocal Trade Act, Congress could relieve the hardening of Western arteries of trade...