Political Quotes

Bill Taft: “Any single rate which is high enough to equalize the difference in manufacturing cost at home and abroad on highly…”

On the record
Any single rate which is high enough to equalize the difference in manufacturing cost at home and abroad on highly finished goods involving such labor would be prohibitory on cheaper goods, in which the labor cost is a smaller proportion of the total value.
Said by
Bill Taft
Republican · Ohio

Editor's note · Context

Taft discusses the complexities of setting tariff rates that balance protection for different types of goods based on labor costs.

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