Payne-Aldrich Tariff Act


Payne-Aldrich Tariff Act

The Payne-Aldrich Tariff Act of 1909 (ch. 6, 36 Stat. 11), named for Representative Sereno E. Payne (R-NY) and Senator Nelson W. Aldrich (R-RI), began in the United States House of Representatives as a bill lowering certain tariffs on goods entering the United States.cite news|title=Vote on Tariff Law Forced in the House|url=http://query.nytimes.com/mem/archive-free/pdf?_r=1&res=9903EFD91139E333A25751C0A9629C946196D6CF&oref=slogin|work=The New York Times|date=April 2, 1910|accessdate=2008-02-06] It was the first change in tariff laws since the Dingley Act of 1897.cite encyclopedia|title=Payne-Aldrich Tariff Act|url=http://www.bartleby.com/65/pa/PayneAld.html|encyclopedia=The Columbia Encyclopedia|edition=6th|year=2007|publisher=Columbia University Press|accessdate=2008-02-06] Because the Republican Party had called for reduction of the tariff in 1908, President William Howard Taft held a special session in Congress in 1909 to discuss the issue. Thus, the House of Representatives immediately passed a tariff bill sponsored by Sereno E. Payne calling for reduced tariffs. However, the United States Senate speedily substituted a bill written by Nelson W. Aldrich calling for fewer reductions and more increases in tariffs.

By the time it ran through the Senate, there had been tacked on so many amendments to the original bill that it raised many tariff standings. 650 tariff schedules were lowered, 220 raised, and 1,150 left unchanged. Congress passed the bill officially on April 9, 1909. [cite web|title=Congress passes Payne-Aldrich Act|url=http://www.history.com/this-day-in-history.do?action=Article&id=5817|work=This Day in History 1909|publisher=The History Channel|accessdate=2008-02-06]

Impact of the bill

The bill greatly angered Progressives, who were beginning to stop supporting President William Howard Taft. The debate over the tariff split the Republican Party into Progressives and Old Guards and led the split party to lose the 1910 congressional election. [cite book
last = Bailey
first = Thomas A.
authorlink = Thomas A. Bailey
coauthors = Kennedy, David M.; Cohen, Lizabeth
title = The American Pageant
publisher = Houghton Mifflin Company
date = 1998
location = Boston, Massachusetts
pages = pp. 699-700
isbn =0669397288
] In the 1912 presidential elections, because of the split votes amongst Republicans in most states, Democratic candidate Woodrow Wilson was elected as president. [Ibid., p. 705.]

The bill enacted an income tax on the privilege of conducting business as a corporation, which was affirmed in the Supreme Court decision, Flint v. Stone Tracy Co. (also known as the Corporation Tax case).

By 1915, tobacco exports from The Philippines to America had annually increased as a result of the bill passing. [cite web|last=Jacobson|first=H.O.|title=Tobacco in the Philippines|url=http://www.filipiniana.net/read_content.jsp?filename=BKJ000000004&page=1&epage=18|publisher=Bureau of Printing|date=1915]

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Payne–Aldrich Tariff Act — The Payne Aldrich Tariff Act of 1909 (ch. 6, 36 Stat. 11), named for Representative Sereno E. Payne (R NY) and Senator Nelson W. Aldrich (R RI), began in the United States House of Representatives as a bill lowering certain tariffs on goods… …   Wikipedia

  • Tariff — For other uses, see Tariff (disambiguation). Taxation An aspect of fiscal policy …   Wikipedia

  • Tariff of 1833 — Speaker of the House Henry Clay Vice …   Wikipedia

  • Tariff of 1790 — In 1790, Alexander Hamilton, the secretary of the treasury, calculated that the United States required $3 million a year for operating expenses as well as enough revenue to repay the estimated $75 million in foreign and domestic debt. Under the… …   Wikipedia

  • Tariff of 1883 — In United States tax law history, the Tariff of 1883 (signed into law on March 3rd, 1883[1]), also known as the Mongrel Tariff Act by its critics, reduced high tariff rates only marginally, and left in place fairly strong protectionist barriers.… …   Wikipedia

  • Dingley Act — This article is about a tariff law. For a merchant marine law, see Dingley Act (shipping). The Dingley Act of 1897 (ch. 11, 30 Stat. 151, July 24, 1897), introduced by U.S. Representative Nelson Dingley, Jr. of Maine, raised tariffs in… …   Wikipedia

  • Nelson W. Aldrich — Nelson Wilmarth Aldrich United States Senator from Rhode Island In office 1881 – 1911 Preceded by Ambrose Burnside Succeeded …   Wikipedia

  • Revenue Act of 1913 — The United States Revenue Act of 1913 also known as the Tariff Act, Underwood Tariff, or Underwood Simmons Act (ch. 16, USStat|38|116, October 3, 1913), re imposed the federal income tax following the ratification of the Sixteenth Amendment and… …   Wikipedia

  • Nelson W. Aldrich — Portrait von Nelson W. Aldrich (Aufnahme zwischen 1905 und 1915) Nelson Wilmarth Aldrich (* 6. November 1841 in Foster, Rhode Island; † 16. April 1915 in New York City) war ein einflussreicher amerikanischer Politiker und von 1881 bis 1911… …   Deutsch Wikipedia

  • McKinley Tariff — The Tariff Act of 1890, commonly called the McKinley Tariff, was an act framed by Representative William McKinley that became law on October 1, 1890. The tariff raised the average duty on imports to almost fifty percent, an act designed to… …   Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.