State of the Union AddressesPolk, James K. (James Knox)
History
State of the Union Addresses
Polk, James K. (James Knox)
Presidents -- United States -- Messages; United States -- Politics and government -- Sources
bear a much higher revenue duty than others. Below the maximum of the
revenue standard Congress may and ought to discriminate in the rates
imposed, taking care so to adjust them on different articles as to produce
in the aggregate the amount which, when added to the proceeds of the sales
of public lands, may be needed to pay the economical expenses of the
Government.
In levying a tariff of duties Congress exercise the taxing power, and for
purposes of revenue may select the objects of taxation. They may exempt
certain articles altogether and permit their importation free of duty. On
others they may impose low duties. In these classes should be embraced such
articles of necessity as are in general use, and especially such as are
consumed by the laborer and poor as well as by the wealthy citizen. Care
should be taken that all the great interests of the country, including
manufactures, agriculture, commerce, navigation, and the mechanic arts,
should, as far as may be practicable, derive equal advantages from the
incidental protection which a just system of revenue duties may afford.
Taxation, direct or indirect, is a burden, and it should be so imposed as
to operate as equally as may be on all classes in the proportion of their
ability to bear it. To make the taxing power an actual benefit to one class
necessarily increases the burden of the others beyond their proportion, and
would be manifestly unjust. The terms "protection to domestic industry" are
of popular import, but they should apply under a just system to all the
various branches of industry in our country. The farmer or planter who
toils yearly in his fields is engaged in "domestic industry," and is as
much entitled to have his labor "protected" as the manufacturer, the man of
commerce, the navigator, or the mechanic, who are engaged also in "domestic
industry" in their different pursuits. The joint labors of all these
classes constitute the aggregate of the "domestic industry" of the nation,
and they are equally entitled to the nation's "protection." No one of them
can justly claim to be the exclusive recipient of "protection," which can
only be afforded by increasing burdens on the "domestic industry" of the
others.
If these views be correct, it remains to inquire how far the tariff act of
1842 is consistent with them. That many of the provisions of that act are
in violation of the cardinal principles here laid down all must concede.
The rates of duty imposed by it on some articles are prohibitory and on
others so high as greatly to diminish importations and to produce a less
amount of revenue than would be derived from lower rates. They operate as
"protection merely" to one branch of "domestic industry" by taxing other
branches.
Public-domain text, read in full here on John Shaqi.
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