mar 3, 1883 - Signs "An Act to reduce internal-revenue taxation" (22 Stat 488), also known as the Mongrel Tariff Act). Reduces taxes on an array of products including tobacco. A major portion of the law involves tariff changes, reducing rates on (chemicals, glassware, metals, wood, sugar, cotton, liquor, etc.). Observers subsequently noted that the act did not seem to increase trade. The Congressional procedures used were unusual and involved several lasting innovations
Added to timeline:
Date:
mar 3, 1883
Now
~ 142 years ago