Debates in Congress Volume 9, PT. 1

Debates in Congress Volume 9, PT. 1

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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. 1833 edition. Excerpt: ...honest, and intelligible language, which will enable the Supreme Court of the United States to decide the question, and I, for one, will abide by its decision. But I take it on myself to say they will not, that they dare not, pass such an act. I quote the opinion of Mr. Hamilton, whose able report on domestic manufactures has been so often referred to, and in most of which I fully concur, to show that an extension of the revenue was considered by him the proper limitation on the power to tax articles of consumption. I beg leave to give the concise view which he has taken of that subject, in his own words: "It is a signal advantage of taxes on articles of consumption, that tliey contain in their own nature a security against excess. They prescribe their own limits, which cannot be exceeded without defeating the end proposed; that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, 'in political arithmetic, two and two do not always make four.' If duties are too high, they lessen the consumption, the collection is eluded, and the product to the treasury is not so great as when they are confined within proper and moderate bounds. "This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them." The whole argument may be compressed into a very narrow compass; the power to lavy duties on foreign importations is expressly granted; it was intended to produce a revenue, to pay the debts and provide for the common defence and general welfare of the United States. Every duty so imposed for these enumerated objects is, to the extent of it, a protection to the domestic manufacturer of the...
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Product details

  • Paperback | 846 pages
  • 189 x 246 x 43mm | 1,479g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236632702
  • 9781236632708