Payne-Aldrich Tariff Act

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Payne-Aldrich Tariff Act,

1909, passed by the U.S. Congress. It was the first change in tariff laws since the Dingley Act of 1897; the issue had been ignored by President Theodore Roosevelt. The Republican platform of 1908 pledged revision of the tariff downward, and to this end President Taft called (1909) Congress into special session. The House promptly passed a tariff bill, sponsored by Sereno E. PaynePayne, Sereno Elisha
, 1843–1914, American legislator, b. Hamilton, N.Y. He was admitted to the bar (1866), practiced at Auburn, N.Y., and was active in Republican politics.
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, which called for some reduced rates. The Senate substituted a bill, fathered by Nelson W. AldrichAldrich, Nelson Wilmarth,
1841–1915, U.S. Senator from Rhode Island, b. Foster, R.I. He rose in local politics as state assemblyman (1875–76) and U.S. Representative (1879–81) before he served as Senator (1881–1911). Aldrich, after the death of Henry B.
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, which made fewer downward revisions and increased numerous rates. After a sustained attack on the Aldrich Bill by a group of insurgent Republicans in the Senate, a compromise bill was adopted, which somewhat moderated the high rates of the Aldrich bill; the measure was immediately signed by Taft. It lowered 650 tariff schedules, raised 220, and left 1,150 unchanged. Although the Payne-Aldrich Tariff Act was less aggressively protectionist than the McKinley Tariff Act (1890) and the later Dingley Act, it was, nevertheless, protectionist.
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References in periodicals archive ?
The Payne-Aldrich Tariff Act of 1909 provided for complete free trade between the United States and the Philippines.
In 1909, the Payne-Aldrich Tariff Act set minimal rates but allowed the President to modify the rates to equalize the cost of production between domestic and foreign goods, the so-called flexible tariff.
One of the first orders of business for newly-elected President Wilson and the Democratic-controlled 63rd Congress in 1912 was to revise the Republican's 1909 Payne-Aldrich Tariff Act. The Democrats' 1913 Simmons-Underwood Tariff drastically lowered tariff rates, from an average of 41.5 percent under Payne-Aldrich, to 26.8 percent under Underwood, the lowest tariff level in six decades.(27) Consistent with their 1912 campaign pledges, Democrats lowered tariffs particularly dramatically on consumer goods, such as sugar and woolen clothing.
Before the Republicans' 1909 Payne-Aldrich Tariff Act, the average retail price of a pair of gloves was ten cents; after a five-cent per pair duty was imposed, the price rose to fifteen cents.
When Congress finished with the matter, however, the Payne-Aldrich Tariff Act, signed by Taft on Aug.