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To: expat_panama

Tariffs were one of the few ways that America made its money early on. It was only after the egregious income tax laws were put into place that we lowered our tariffs and became more global with our manufacturing and shipping. This is exactly how you put America first: lower or eliminate income taxes and increase tariffs. Buy American.


3 posted on 12/06/2016 2:26:23 AM PST by rarestia (It's time to water the Tree of Liberty.)
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To: rarestia
after the egregious income tax laws were put into place that we lowered our tariffs

Actually, tariff rates stayed high for many decades w/ the income tax.  Finally in the 50's we cut import tax rates and that made import tax revenue soar.  People have to learn, that if you want revenue you have to cut rates.

8 posted on 12/06/2016 2:44:43 AM PST by expat_panama
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To: rarestia; All

Yup. The unwashed are too lazy to study tariffs from a historical perspective. They never wonder where federal revenue came from before Federal income taxes.


12 posted on 12/06/2016 3:07:13 AM PST by Cobra64 (Common sense isn't common any more.)
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To: rarestia
The Federal budget for the 2016 fiscal year was nearly $4 trillion. Total U.S. imports for all of 2015 were about $2.2 trillion.

How can we finance the U.S. budget with tariffs when these are the figures we're dealing with?

16 posted on 12/06/2016 3:23:15 AM PST by Alberta's Child ("Yo, bartender -- Jobu needs a refill!")
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