Word: tariffs
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Dates: during 1900-1909
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...sacrifice. With this in mind we may divide the question into three phases: (1) The intrinsic justice or injustice of the present system, (2) the intrinsic justice or injustice of the proposed system, and (3) the comparative efficiency of the proposed tax. The present system relies chiefly on the tariff, and is very heavy on the poor; the proposed tax is superior, as it falls on accumulated wealth. The income tax is especially adapted to France on account of the unique degree of equality in the distribution of wealth, the French method of investment through the banks and in foreign...
...great importance. The reason for this is that the Senate can amend bills of this nature, providing only that the article is not changed; or, as it has been aptly said, "the House has the power to touch the button and watch the Senate form a tariff bill...
...weeks' duration and during that time, one thousand million dollars was appropriated, or ten millions a week. We are now passing through a veritable orgy of Extravagance. With an enormous debt, and a large annual defleit, the Ways and Means Committee is now considering the revision of the tariff, and on next Tuesday will present a bill to Congress which, it is hoped, will increase the annual revenue by one hundred millions of dollars...
...necessary that we have interchange of both professors and students. It has become an essential part of a liberal education to visit other countries and to become members of foreign universities. By the new system ideas of American freedom and of German veneration are exchanged. The American tariff may not be revised, but a new generation of scholars will arise which will look upon such artificial barriers as ridiculous...
...were two reasons for his becoming a Democrat: the political economy then taught in College favored free trade, and the Democratic platform was "mathematically correct." Later he realized that idealism enters politics as everything else, and that mere mathematical precision is not practical. Among other arguments for a protective tariff he argued that a country should be self-supporting...