It's an income tax cut. No plan is perfect.
"Will you wait until the receipts are totaled, before you calculate the rebate?"'
No need to wait. Government is either going to get tariff revenue, or income tax revenues from newly employed Americans. Government will get more if imports fall and Americans go back to work, because income taxes are higher than the new tariffs.
Besides I'm offering you a rationale to cut taxes. Aren't you free traders always arguing that our taxes are too high? Now I have a plan to cut them and you're backpedaling to beat 90!!! You can't have it both ways.
"Americans would keep more of their money." - DannyTN
Wow, you failed that econ class, didn't you?
I never failed an econ class. Not even the graduate level ones.
"Try to follow, Americans will pay the tariff that funds your tax cut, how does that mean they keep more of their money?"
They get a $1500 per worker cut in income taxes. They don't have to buy imports. They can pocket that money. Only now the American citizen gets to choose how or if that money gets spent. Before you were taxing them, so they had no choice.
How did industry benefit from the Bush steel tariffs?
It helped the steel industry. Until Bush backed down because Europe was crying and because he didn't want to reclaim our sovergnty from the WTO.
"How do higher oil prices reduce unemployment?"
Look around dude!!! Higher oil prices have created a lot of employment in the U.S. oil industry. Ever heard of Fracking??? Made possible due to higher prices. Only Saudi's and terrorist countries are benefiting from those higher prices. With a Tariff, America benefits.
better off making it a flat tax with no rebate
LOL!
No need to wait. Government is either going to get tariff revenue, or income tax revenues from newly employed Americans.
Or higher oil prices will cause more unemployment.
Besides I'm offering you a rationale to cut taxes.
You want to cut taxes, cut the corporate income tax, highest in the world.
Aren't you free traders always arguing that our taxes are too high?
Sure. So let's not raise them.
You can't have it both ways.
Both ways? I want to cut. How is that both ways?
They get a $1500 per worker cut in income taxes. They don't have to buy imports. They can pocket that money.
Your plan would raise the cost of our 7 million plus barrels a day in imports. That money goes into your "tax cut pot of money" and it also raises the cost of our 7 million barrels a day of domestic production. That money doesn't go into that pot, it comes out of our wallets.
How many other instances of higher prices with no benefits do you think we can find in your plan?
I never failed an econ class. Not even the graduate level ones.
That's weird. How do you explain your errors?
They get a $1500 per worker cut in income taxes.
And prices rise more than $1500 per worker.
Only now the American citizen gets to choose how or if that money gets spent.
We can choose now, without government raising prices across the board.
Look around dude!!! Higher oil prices have created a lot of employment in the U.S. oil industry.
Awesome! If $100 oil created jobs, $200 oil will drop unemployment to 0%. LOL!