Word: tariffers
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...voted against: the Tariff (1922), Soldier Bonus (1924), Farm Relief (1927, 1928), the Navy's 15-Cruiser bill...
...Washington, Senator William Edgar Borah, immediately challenging the Administration's much-vaunted flexibility clause in the new bill (TIME, June 23), obtained passage by the Senate of a resolution calling upon the Tariff Commission to investigate at once the rates on shoes, furniture, cement and farm implements. In effect this resolution said: "If the new tariff is flexible, let's see you flex it." The old Commission, which must be reorganized within 90 days by order of the new law, was thus confronted with a big eleventh-hour...
Democrats in the Senate, particularly Mississippi's Pat Harrison, denounced the law, charged President Hoover with hypocrisy, promised to make the tariff a prime issue in the coming elections...
Secretary Lamont echoed: "The old [flexible clause] did not work very well. The present clause is more effective, in that the commissioners have greater latitude in arriving at differences in costs of production as a basis for adjusting rates. If a foreign country believes that any of our tariffs are unduly high ... it can present its case to the reorganized Tariff Commission which . . . has the power, if the complaint is justified, to rectify the rates...
...days later, after scanning statements of tax collections on 1929 incomes, and the June customs receipts (unusually high owing to the new tariff bill), Treasury officials let it be known that the r-turns were not sufficient to meet anticipated tax losses arising from the business depression. Conclusion: no continuation of last year's 1% cut in income taxes. In fact, Secretary Mellon told the President and the President told the Congress (in a special letter to Senate Leader Watson) that a deficit of $100,000,000 might be expected for 1931; taxes might have to be upped above...