Abstract

Revenue under The New Tariff
August 27, 1891 issue

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In the U.S., the McKinley Bill was made law in the profoundest ignorance of what its effect upon the public revenue would be. Two features of the McKinley Bill come in seriously to modify the showing, the sugar schedules and the tin-plate clauses. Sugar and molasses have been free only since April 1, and, so far as they are concerned, the full effect of the tariff has been visible during the past four months alone. Restricting the comparison to them, people find that the revenue derived from customs during that period, this year, was $54,224,031.33, while for the corresponding part of 1890 it was $82,551,083.22.

See Also:

REVENUE; TARIFF; MOLASSES; EXPORT subsidies; SUGAR; UNITED States
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