Definition of Payne-Aldrich Tariff
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. It was the first change in tariff laws since the Dingley Act of 1897. President William Howard Taft called Congress into a special session in 1909 shortly after his inauguration to discuss the issue. Thus, the House of Representatives immediately passed a tariff bill sponsored by Payne, calling for reduced tariffs. However, the United States Senate speedily substituted a bill written by Aldrich, calling for fewer reductions and more increases in tariffs.
Examples of Payne-Aldrich Tariff in the following topics:
- Payne–Aldrich Tariff During Taft's election campaign in 1908, Republicans promised to lower unpopular tariffs on U.S. imports.
- Senator Payne proposed a bill that lowered the tariff on many imported goods.
- In the end, Congress adopted the Payne-Aldrich Tariff, which lowered 650 tariffs, raised 220 tariffs, and left 1,150 tariffs untouched.
- Payne-Aldrich was enthusiastically signed by Taft in 1909, who believed that the compromise would preserve party unity.
- Although the Payne-Aldrich Act did very little to the current status of tariffs, it angered many Democrts, Progressives, and progressive Republicans because it did not solve the tariff issue.
- In 1908 Republicans promised to lower unpopular tariffs on U.S. imports, but the Payne-Aldrich Tariff Act further divided Republicans.
- Revenue Act of 1913 The United States Revenue Act of 1913 (also known as the Tariff Act, Underwood Tariff or Underwood-Simmons Act) re-imposed the federal income tax following the ratification of the Sixteenth Amendment.
- Additionally, it lowered basic tariff rates from 40% to 25%, well below the Payne-Aldrich Tariff Act of 1909.
- In April 1913, President Wilson summoned a special joint session of Congress in order to confront the perennial tariff question.
- The 1913 Act established the lowest rates since the Walker Tariff of 1857.
- Congress rejected proposals for a tariff board to scientifically fix rates, but did set up a study commission to monitor them.
- The United States Revenue Act of 1913 re-imposed the federal income tax, and lowered basic tariff rates from 40% to 25%.
- The Progressive Party The Progressive, or Bull-Moose Party, was founded by Theodore Roosevelt after his break with President Taft over anti-trust legislation and the Payne-Aldrich Tariff.
- Social insurance, to provide for the elderly, the unemployed, and the disabled Limited injunctions in strikes A minimum wage law for women An eight hour workday A federal securities commission Farm relief Workers' compensation for work-related injuries An inheritance tax A Constitutional amendment to allow a Federal income tax National Female suffrage Direct election of Senators Primary elections for state and federal nominations As well as other democratic measures that included: The recall election (citizens may remove an elected official before the end of his term) The referendum (citizens may decide on a law by popular vote) The initiative (citizens may propose a law by petition and enact it by popular vote) Judicial recall (when a court declares a law unconstitutional, the citizens may override that ruling by popular vote) Besides these measures, the platform called for reductions in the tariff, limitations on naval armaments, and improvements to inland waterways.