Hearings 18
Hearings 18
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On the one grade we have 8 cents a square yard and 15 per cent ad valorem and the value is 8 cents, while on the other, the value of which is 85 cents, it is 20 cents a square yard and 20 per cent ad valorem. On this quality, the value of which is 8 cents per square yard, the specific duty is the same, 100 per cent, and in addi- tion to that there is 15 per cent ad valorem.
Mr. Underwood. Then, if I understand you, your contention is that the duty is not adjusted according to the ordinary tenet...s in levying a tax?
Mr. Lyon. Yes; I think Mr. Underwood. Will you let me ask my question and then answer it? You have got the heavy tax on the cheap commodity that is ased by the masses and the low tax on the high-priced article that is a luxury?
ilr. Lyon. Yes.
57^2 TABIFF HEABIKQS.
Mr. Underwood. And for that reason you think the schedule should be readjusted?
Mr. Lyon. Yes, sir.
Mr. Underwood. That is all I wanted to ask.
The Chairman. That is all.
Mr. Lyon. I am very much obliged to you for your indulgence.
What to read after Hearings 18?
You can find similar books in the "Read Also" column, or choose other free books by United States. 58th Congress, 2d Session, 1903-1904. House. [from Old Catalog] to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
On the one grade we have 8 cents a square yard and 15 per cent ad valorem and the value is 8 cents, while on the other, the value of which is 85 cents, it is 20 cents a square yard and 20 per cent ad valorem. On this quality, the value of which is 8 cents per square yard, the specific duty is the same, 100 per cent, and in addi- tion to that there is 15 per cent ad valorem.
Mr. Underwood. Then, if I understand you, your contention is that the duty is not adjusted according to the ordinary tenet...s in levying a tax?
Mr. Lyon. Yes; I think Mr. Underwood. Will you let me ask my question and then answer it? You have got the heavy tax on the cheap commodity that is ased by the masses and the low tax on the high-priced article that is a luxury?
ilr. Lyon. Yes.
57^2 TABIFF HEABIKQS.
Mr. Underwood. And for that reason you think the schedule should be readjusted?
Mr. Lyon. Yes, sir.
Mr. Underwood. That is all I wanted to ask.
The Chairman. That is all.
Mr. Lyon. I am very much obliged to you for your indulgence.
What to read after Hearings 18?
You can find similar books in the "Read Also" column, or choose other free books by United States. 58th Congress, 2d Session, 1903-1904. House. [from Old Catalog] to read onlineMoreLess
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