[Taxman]

The FairTax (NRST) is a “border adjustable tax” in that imported goods WILL be taxed at the same rate as domestic goods.

In effect, the FairTax IS a tariff, much the same as a VAT is a tariff.

Our trading partners will impose their VAT on our goods and we’ll impose the FairTax on their goods, and there will be a level playing field in respect of imports and exports.

Under the FairTax our exported goods will be much more competitive in foreign markets because the FairTax ELIMINATES the “Tax Cost of Government” (as much as 25% of the retail cost of a US manufactured good) on ALL manufactured items; US goods will be exported TAX FREE!

Our foreign trading partners REBATE the VAT on exported goods which means they are essentially untaxed when they arrive in the USA.

FairTax fixes that problem!

Our trading partners impose their VAT on our imports, and we impose the FairTax on their stuff. EVEN STEVEN!

[central_va]

We need both. The marginal rates for corporations is going to be reduced to 15%(that's the plan I heard anyway) That is not enough as far as imports are concerned and would be way less than a tariff. The effective tax rate on imports should be around 20%. I do not see this plan doing that.

Besides there are are 14,000 tariffs on the books now. It is just that the duty schedule is such they bring in <1%. All President Trump needs to do is raise the duties on existing tariffs which he could do without congress.