We need to restore the import tariffs. It would provide important revenues to help prevent increasing the deficit due to the tax cuts.
But it’s going to be a huge political battle. You have the free traitors, the moneyed interests that have gotten rich selling out America, China and other countries who have a vested interest in maintaining free access to sell into the American market.
I was surprised they passed a tax cut package without the counter balance of trade deficits. Doing both together would have reduced the chance of high budget deficits.
They may be waiting for high budget deficits to occur to make the case for raising the tariffs.
But if the economy grows sufficiently due to the tax cuts, it’s not clear that the budget deficits will get significantly worse even without the tariffs. But we still need them in place.
We need a tariff true but tax cuts INCREASE federal revenue year over year. Check Federal revenue next January for FY18 it will greater then the revenue collected in FY17. Guarantee it.