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Domestic News September 16, 1841

Litchfield Enquirer

Litchfield, Litchfield County, Connecticut

What is this article about?

Yarmouth Register reports that Honest Levi, Van Buren's Secretary of the Treasury, recommended a 20% tax on luxuries including tea, coffee, and silks in a January 18, 1841 report to yield five million dollars in revenue.

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Full Text

Perhaps the Loco Focos are not aware that no longer ago than last year, Honest Levi, Mr. Van Buren's Secretary of the Treasury, recommended a tax of 20 per cent on Tea and Coffee, which he classed under the head of "Luxuries." The following is an extract from a report made by him on the 18th of January, 1841.—Yarmouth Register.

"Suppose, then, that there should be selected from the free articles, those which may be regarded most as luxurious, though not in every respect belonging to that class: such are Tea, Coffee, and Silks: should we then add to them others, conflicting with similar American productions, such as worsteds, linens, &c., and the aggregate deducting the amount re-exported would be $25,026,448. A duty of 20 per cent on those, after paying the expenses of collection, would yield about the same amount of five millions. This seems to contain the general data for the most eligible and unexceptionable revision."

What sub-type of article is it?

Politics Economic

What keywords are associated?

Loco Focos Tax On Luxuries Tea Coffee Duty Silks Worsteds Linens Treasury Report

What entities or persons were involved?

Honest Levi Mr. Van Buren

Domestic News Details

Event Date

18th Of January, 1841

Key Persons

Honest Levi Mr. Van Buren

Event Details

Honest Levi, Mr. Van Buren's Secretary of the Treasury, recommended a tax of 20 per cent on luxuries such as Tea, Coffee, and Silks, along with items conflicting with American productions like worsteds and linens, estimating the aggregate value at $25,026,448 after deducting re-exports, to yield about five millions after collection expenses.

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