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Hearings Before 67-1; On the Proposedtariff Act of 1921 (H.R. 7456), American Valuation

Hearings Before 67-1; On the Proposedtariff Act of 1921 (H.R. 7456), American Valuation


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1922 Excerpt: ... at this time meet the very critical condition with which we are confronted, and preserve the Conneticut manufacturer's right to compete in his own country with the goods the foreigner produces. We have not seen the soundness of the principle anywhere effectively denied. We are firmly convinced it offers an essential and effective means of relief to our industries. It seems to us, therefore, that the question of administrative difficulties is very much outweighed by the other points. We think the objections that have been urged on the committee in these hearings are not by any means insurmountable, and the committee has heard competent experts declare the plan is practical in operation from an administrative point of view. Therefore, we earnestly hope the committee will recommend the adoption of the American valuation plan. I thank you, Mr. Chairman and gentlemen. Senator Mclean. The excess-profit taxes paid by the Connecticut manufacturers will be rather small unless they get some additional protection against foreign importations, will they not? Mr. Harmon. On the basis of conditions now, I think most of them have dismissed the excess-profit tax from their minds. Senator Smoot. They are likely to get out-of paying the excessprofit tax? Mr. Harmon. Very frankly, Senator, many of them are losing money at this moment. Senator Mclean. It has been suggested we ought to revise the tax law further, and I will repeat the remark which I made a few moments ago, that apparently the patient needs some nourishment before we open a new artery. Mr. Harmon. Connecticut as an industrial State is hardly on the map if its factories are not operating. Senator Watson. Senator McLean, I do not agree with you about that, but I am not going to argue it here. I think we should re...


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Product Details
  • ISBN-13: 9781151053718
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 184
  • Spine Width: 10 mm
  • Width: 189 mm
  • ISBN-10: 1151053716
  • Publisher Date: 17 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 340 gr


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