Word: valorem
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Dates: during 1930-1939
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...other diplomatic folk can import their luxuries duty free). With admirable tact Mr. Arnold pointed out that China has only recently come to the end of a period of customs tutelage by the Great Powers. For some 80 years they held her down to a general ad valorem duty of only 5%. Now that the young Nationalist Government has squirmed out from under this galling yoke, China might reasonably be expected to do much worse than she did last week - especially as in Oriental lands taxation is usually based upon no other consideration than what the traffic will bear...
...political neophyte and William Henry ("Alfalfa Bill"; Murray, onetime Congressman-at-large and president of the State's Constitutional Convention. Candidate Murray, sometimes known also as the "Tribune of Tishomingo," played on popular resentment against depressed economic conditions, dazzled cross-roads voters with a promise to eliminate ad valorem taxation and substitute for it a graduated tax on gross incomes to get money from "the corporate interests (oil and gas companies) now leeching the commonwealth." He made a hitchhiking campaign throughout the state as "The Poor Man's Friend," promised rain, a "Howdy" sign on the Governor...
...percentages-ad valorem) Anvils...
...Association reversed its traditional pro-tariff stand and asked for the bill's rejection. The National Cigar Leaf Tobacco Association did likewise. The American Importers & Exporters Association urged a veto on the ground that the new tariff rates (highest in U. S. history; an average of 41% ad valorem on all dutiable commodities or 20% above the present law) "will cause ill will and reprisals which will make it impossible for us to develop the export trade necessary to the continued prosperity...
Shingles. House rate: 25% ad valorem. Senate rate: free. Again Chairman Hawley pleaded for the top rate, again he offered to compromise on 15% ad valorem, again the House swept him aside, put shingles on the free list...