Creation of the U.S. Tariff Commission: A bipartisan body established to advise Congress with expertise, marking increasing professionalization in tariff policy.
Significance
- Predecessor to the US International Trade Commission (USITC)
- Led by Frank Taussig, Harvard Professor
- Created as part of the Revenue Act of 1916 which introduced Income Taxes
- Replaced ad hoc lobby driven policies with analytic and scientific studies and recommendations
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