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White House press secretary says border wall will be funded by 20% import tax on Mexican goods
Washington Post ^ | 01/26/2017 | By Joshua Partlow

Posted on 01/26/2017 12:47:03 PM PST by SeekAndFind

Edited on 01/30/2017 7:57:50 AM PST by Admin Moderator. [history]

MEXICO CITY--President Enrique Pe

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; Business/Economy; Foreign Affairs; Government
KEYWORDS: aliens; buildthewall; first100days; importtax; mexico; nafta; nieto; nietotrip; trump45; trumpmexico; trumpwall; trumpwalltax; wall; winning
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To: john316

Nope. Shipping out Housing Project Freeloaders to work the fields.

Implement Welfare reform. Want a check? Okay, you will receive that after participating in 8 hour shifts working for Mr. Farmer. Don’t show up, your check is cut by that amount. Mr. Farmer will work with the government to get his products to the market and the labor costs (Negotiated between Farmer and Government at the Benefit to the Farmer) will be sent to the Government.

No Transportation? Farmer will have a bus at the Projects at 6:15am sharp. Be on it.

We won’t cut your Welfare if you work. Don’t work, no check.

EBTs? Nope. No more. Free food will be distributed at location X once a month. Consisting of Powdered Milk, Cheese, Spam, Penut Butter, Butter, powdered Eggs.
NO MORE Bridge/EBT Cards to be abused.

If you are found to have sold free food for cash or bartered it for anything you will no longer be qualified for program.


61 posted on 01/26/2017 1:25:57 PM PST by VRWCarea51 (The Original 1998 Version)
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To: aquila48

50% would do it. The incentive would be to spend the money in the good old U.S.A.


62 posted on 01/26/2017 1:26:07 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: aquila48

A good plan to wait and see................


63 posted on 01/26/2017 1:27:41 PM PST by Osage Orange (We can all live together as brothers or perish together as fools)
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To: aquila48

Even having Mexico pay for the wall means our products from Mexico will be more expensive. You see, Mexico will have to tax to get that money and that tax will need to be compensated in some way.

Get it?


64 posted on 01/26/2017 1:28:26 PM PST by ConservativeMind ("Humane" = "Don't pen up pets or eat meat, but allow infanticides, abortion, and euthanasia.")
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To: SeekAndFind

Cost of wall = $15B

Lets say at today’s rates, financing it over 20 years cost $22B.

Mexico exports $295B to the US annually.

This is a little simplified, but a 0.4% tax on Mexican exports would pay for the wall...even if such a tax reduced exports by half, 1% tax would pay for it.

On the remittance side, around $25B a year is sent back...so a remittance tax would have to be 4.4%. I’m sure these remittances would go underground if taxed, so maybe it would have to be 10%. I wonder how much they’re already paying to wire transfers, etc. If illegal immigrants were replaced with legal guest workers, they may be able to use traditional bank accounts and skip the wire transfer fees...making their cost a wash.

Anyway, I think Trump is starting with very high numbers, so the final number looks smaller.


65 posted on 01/26/2017 1:28:47 PM PST by lacrew
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To: CodeToad

[I guess you prefer Americans not have any jobs so long as imports are cheap for you to buy things.]

Yeah, a lot of our countrymen think like that. Unless, of course, it comes their way suddenly / abruptly. Then the wailing begins.

I look forward to liberals who touted “4.8%” unemployment meeting reality. They will find absolutely no sympathy from me.


66 posted on 01/26/2017 1:30:17 PM PST by SaveFerris (Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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To: SeekAndFind

There is an easier way to make Mexico pay. Start deporting Mexican illegal aliens. The amount of money they send back to that country is a major part of their economy. We won’t have to feed, house, and care for millions of them who do receive handouts.


67 posted on 01/26/2017 1:32:05 PM PST by Organic Panic (Rich White Man Evicts Poor Black Family From Public Housing - MSNBCPBSCNNNYTABC)
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To: SeekAndFind

Straight outta Trump’s BEST SELLING playbook.

Make outrageous demands to get their attention. You can only go down from there.


68 posted on 01/26/2017 1:33:05 PM PST by SJSAMPLE
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To: nikos1121

Exactly. Mexico will pay by loss in export sales, while US gains with increased domestic sales and the taxes they will bring.


69 posted on 01/26/2017 1:35:15 PM PST by justa-hairyape (The user name is sarcastic. Although at times it may not appear that way.)
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To: Blood of Tyrants
Not if we simply short the Mexican Government in the foreign aid we provide them in sufficient an amount to cover the wall and it's staffing and upkeep. There will still be enough for them to get their corrupt greedy little hands upon.
70 posted on 01/26/2017 1:37:24 PM PST by ExSoldier ("Terrorists: They hate you yesterday, today, and tomorrow. End it, no more tomorrows for them!)
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To: mad_as_he$$; miss marmelstein

The ones we get here at our local Texas Kroger say Driscoll - Product of Mexico. Didn’t think to get the brand of the ones we bought in Arizona which were from California but they were wonderful. Agree that out of your own garden is/should taste better but...


71 posted on 01/26/2017 1:38:40 PM PST by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: Blood of Tyrants
I am paying out the a$$ for everything anyway for everyone and getting nothing in return for it.

May as well pay a little more (not that I believe that will be the end result) and get a big, shiny, wall in return.

72 posted on 01/26/2017 1:43:11 PM PST by riri (Obama's Amerika--Not a fun place.)
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To: kingu
How to tell where your GM car is made:
73 posted on 01/26/2017 1:45:45 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: nikos1121

It’s hard to determine the incidence of a tax. In the case of import duties, sales taxes, and the like; the cost of the tax is always split somehow between buyers and sellers. For instance, Mexico can’t “simply raise their prices” — they are in competition with U.S. producers, and those from other countries. Some Mexican producers will have to lower their prices (absorb some of the cost of the tax); others will drop out of the market. No one really knows the end result (although, you can be sure that government economists have already provided Trump with some estimates). My first-approximation guesstimate — the cost of the tax will fall 60:40 (60% paid by Mexican producers, 40% by American consumers).


74 posted on 01/26/2017 1:48:20 PM PST by USFRIENDINVICTORIA
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To: Duchess47

China killed a lot of dogs


75 posted on 01/26/2017 1:50:42 PM PST by mel (There are only 2 races decent and undecent people)
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To: kingu
What happens when an imported car or fan is made artificially expensive by adding a 30% tariff?

Answer: Because of pure greed manufactures will start to produce on this side of the border and pocket that money since the will charge the going rate. So greed is working for the US worker instead of against them.

But alas after a while, when all productions for fans and cars returns, they will have to compete with each other.

76 posted on 01/26/2017 1:52:21 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: mrsmith; Pride in the USA
True, but this is all just negotiating Kabuki. Heck, with our breathless media the wall may be paid for from extra popcorn sales.

LOL! Good post, and true.

77 posted on 01/26/2017 1:53:29 PM PST by lonevoice (diagonally parked in a parallel universe)
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To: Blood of Tyrants
Nope. Because it would be Americans paying for the wall.

How do you know the Mexican producers won't lower their prices an equivalent amount in order to keep the prices of their goods competitive? If we put a tax of $1,000 on some Mexican products, and the producers lower their prices by $1,000 in order not to lose a sale, the US government will get the $1,000 and someone in Mexico will lose the same amount and the US consumer will not be affected.

That seems just as likely to happen as some blanket statement that the producers will never lower their prices and the US consumers will simply pay 20% more.

78 posted on 01/26/2017 1:56:28 PM PST by Wissa (Few men desire liberty. Most men wish only for a just master. -- Sallust)
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To: SeekAndFind

Illegal aliens cost the U. S. over $300 billion annually. We should never have acquiesced and continued to put up with this criminal action.

Furthermore stupid drug-addicted Americans bolster the evil Mexican narcotic industry which could grind to a halt if we treated drug salesmen like Singapore and the Philippines do: kill them!

What the drug salesrats do to our economy and the minds of our weak citizens is a crime that cries to Heaven for vengeance.


79 posted on 01/26/2017 2:00:43 PM PST by HomerBohn (Shove a slinky down the stairs, then a leftist. Both actions will bring smiles to your face.)
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To: Duchess47

“I already pay more for everything, willingly. I will not buy anything manufactured or grown in Mexico or China.”

We do our best to do the same. We informally boycott Wal Mart because they’ve forced so many American factories to push production to China for ‘low prices’ and we decided that it isn’t worth enabling the enemy of our country in order to buy cheap, shoddy plastic crap from China.


80 posted on 01/26/2017 2:02:27 PM PST by MeganC (Hate crime: The heinous act of disagreeing with a liberal.)
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