Posted on 12/06/2016 1:29:12 AM PST by reaganaut1
WASHINGTON — House Republican leaders signaled on Monday that they would not support President-elect Donald J. Trump’s threat to impose a heavy tax on companies that move jobs overseas, the first significant confrontation over the conservative economic orthodoxy that Mr. Trump relishes trampling.
“I don’t want to get into some kind of trade war,” Representative Kevin McCarthy, Republican of California and majority leader, told reporters in response to Mr. Trump’s threats over the weekend to seek a 35 percent import tariff on goods sold by United States companies that move jobs overseas and displace American workers.
Speaker Paul D. Ryan also pushed back against Mr. Trump on Monday in an interview with a Wisconsin reporter, saying an overhaul of the corporate tax code would more effectively keep companies in the United States than tax penalties. “I think we can get at the goal here,” he said, “which is to keep American businesses American, build things in America and sell them overseas — that can be properly addressed with comprehensive tax reform.”
Mr. Trump’s economic positions clashed with traditional conservatives during the campaign, but now these differences — on trade, government spending on infrastructure, and tax policies — have set the incoming president on a perilous course with the lawmakers whose support he needs to keep his agenda on track.
“There will be a tax on our soon to be strong border of 35 percent for these companies wanting to sell their product, cars, A.C. units etc., back across the border,” Mr. Trump said in a series of Twitter messages over the weekend.
(Excerpt) Read more at nytimes.com ...
It’s a rigged agreement. China is already at a Trade War with us. They charge our products a trade tariff. And they manipulate their currency if we sell them too much. What part of that do you fail to understand???
Please take your fake news site the NY Slimes and post it on D.U. where it belongs.
There is definitely a segment of “American” conservatives in China’s pocket. Just as there are a segment of democrats also. SOLD OUT.
That is what the voters rejected, one month ago.
They had their chance. Now we will rebuild our own country, for a change.
Just saying.
The president doesn’t need permission from congress to impose tariffs or withdraw from trade deals.
This is just more fake news from the NY Times.
"Vote for me and I can guarantee you'll be uemployed next year!"
Just outta curiosity, what’s your solution?
Make them charge America’s minimum wage for our companies’ contracted labor?
No it wouldn't. This isn't a general tariff.
Cowardly dogs.
So now they grow a spine and say no?
I think it is a good idea! Dumb f*>€£>s! I loathe Rinos!
Very simple.... Go back to what worked. Non more RIGGED SELL OUT deals that destroy our Republic.
We had tariffs on goods and services since the inception of our Republic.
As a matter of fact it was tariffs that funded the Federal government for the first 100 plus years. That’s what I would like to see with the elimination of all other taxes. Our Republic would boom in growth if we did that.
Anyhow we had Tarriffs up until 1996 when NAFTA was passed.
We led the world for a very long time with tariffs. We were considered a Super Power.
Personally I think we should at minimum.. match the country we are trading with Tarriffs. If they charge us 35%, then we should charge them 35%.
This is not the complicated. What you have is other countries that have bought off our politicans. They want to weaken the United States with theses rigged trade deals. There is no way the average American worker can complete with Chinese slave labor. Someone working for about a dime a 16 hour work day 6 days a week. That’s just not going to cut it.
I don’t disagree with the GOP leadership on this right now. There are a lot of things right here in the U.S. that have to be fixed before tariffs are even considered. It’s one thing to use a tariff to remedy an unfair trade practice, but we shouldn’t use tariffs to mask serious inefficiencies and dysfunction in our own economic system.
I would agree with this. Let's start by eliminating every Federal department and program that didn't exist in those 100 years, and restore the Federal budget to its 1890 level.
You don’t start deals by giving the other side everything it wants. This is a fundamental that our guys in the US House better learn...and fast! You start negotiations from the far right—not the center. The goal is to move things your direction. Again, our representatives better start learning, because all I’ve seen from them in the last 8 years is surrender to Obama and the left!
Reaching across the aisle? That’s not supposed to be the default position. Spit! Let the Democrats reach across the aisle to the RIGHT!
How predictable that this would be posted.
Tariffs work. There has to be a stick as well as a carrot.
https://en.wikipedia.org/wiki/Tariffs_in_United_States_history
Note the chart illustrating the relationship between federal income taxes and tariffs.
Agitprop. Interesting how NRO/ weakly standard “conservatism” so neatly dovetails with what the globalists want.
I don’t know about that, but there is a lot of waste in the swamp.
Plus environmental and other regulatory costs and fiction and 35% income tax.
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