Im for tariffs IF it results in elimination or at least substantial reduction in the federal income taxes, such as
1. end tax on people over age 65
2. end tax on sociable insecurity and all pensions and distributions from retirement accounts
3. end tax on the first $100,000 of taxable income
or just eliminate the dam*ed federal income tax altogether.
It is a terrible waste and drag on the American economy!
But if the fed income tax continues substantially AS IS, then I have to oppose tariffs as being just another d***ed federal tax on the American citizenry. The very LAST thing we need is more taxes!!!
just my 2 cents’ worth (before taxes)
I’m viewing the tariffs from a different perspective. In my opinion, tariffs are a political tool meant to convince countries to rebalance their trade policies with respect to the USA.
Since the end of WW II, the US has allowed countries to impose tariffs on the US goods imported into their country while at the same time the US charged very low or no tariffs for imports from those same countries into the US.
That’s why you see things like No Napa Valley wine imported into France but huge amounts of French wine imported into the US, same thing for American cars into the EU or Japan, countless other examples exist.
My main argument about Tariffs is, if tariffs are terrible why do so many countries use them against the US but the US up until Trump had very low or no tariffs on imported items.
The end result when you combine horrible trade deals with this type of tariff imbalance you get entire industries close down and move to other countries.
If we want to rebuild our manufacturing base, we have to rebalance trade with other countries and tariffs are one tool we have that gives us leverage over every other country out there.
We are still the largest economy in the world and if countries want to have access, they need to pay up or treat our products equal to how we treat their products.
“1. end tax on people over age 65
2. end tax on sociable insecurity and all pensions and distributions from retirement accounts
3. end tax on the first $100,000 of taxable income”
The federal government spends about $18,000/year/American resident, including Medicare and Social Security. Expect heavy taxation.