Teeing Up Trump Tariffs (higher taxes on U.S. steel consumers)

Wall Street Journal ^ | April 20, 2017

[cba123]

Basically, yes.

That is what I am saying. They are very globalist.

They are not literally lying, but that is their agenda.

Big time.

[Lurking Libertarian]

The big government types really don't understand that corporations do not pay taxes - they are passed on to consumers.

Not when a competitor is selling cheaper.

[central_va]

Big government types love income taxes and hate tariffs. Small government nationalists like the opposite.

[Lurking Libertarian]

Tariffs are the one constitutional power (unamended) that the federal government has to raise money, and up until the last century they were how the Federal Government was funded.

Nope. The Constitution gave Congress the power to "lay and collect Taxes, Duties, Imposts and Excises." They didn't use four different words to authorize only one kind of tax.

During George Washington's administration, the federal government imposed a stamp tax, requiring a federal tax stamp on everything from real estate deeds (meaning the federal government was taxing sales of homes and farms within the states) to playing cards. James Madison's administration funded the War of 1812 by a federal tax on bedroom furniture-- there were really federal tax collectors who went door to door in every state and counted how many beds and dressers you had. Lincoln's administration funded the Civil War with an income tax, whose constitutionality the Supreme Court upheld before the 16th Amendment.

As the Supreme Court observed in 1937, our "forbears knew more about ways of taxing than some of their descendants seem to be willing to concede."

[jospehm20]

I don’t believe much that comes out of the globalist, cheap labor express WSJ. That being said, our ability to make all kinds of our own steel is not just economics, it is a strategic issue also. If it costs a bit more it is worth it.

[jospehm20]

I disagree. They do understand that very well. They just do not care.