In addition to the border tax, they should raise the fees on every traveler and visa and green card applicant. They should tax remittances, and use tariffs as a negotiating cudgel. They should bill the Mexican gov’t for the costs of transporting illegals back to Mexico, amongst other things
I think this is B.S.
Repubublicans are going to do an import tax. But completely remove the deductability for imports or not tax the revenues on exports. b.s.
We aren’t going to be raising taxes.
The point of raising the prices on foreign goods is to encourage Americans to buy local instead.
“To simplify things, let’s say a store imports a pair of sneakers for $40 and then sells them for $50, making a $10 profit on which it would owe taxes.”
I want this. When Nike makes Shoes for 2 bucks a pair in a sweatshop in Indonesia, then brings them here and charges 200, that should be taxed. It isn’t a loss.
They need an incentive to make things here.
His bitch is basically that bringing in things from overseas wont be as profitable, and that exporting isn’t his with enough taxes. The GOPe free traitors aren’t going away, are they?
Sounds like a big incentive to make things here, import less, and export much more. I’m for it.
Like you Steve Forbes is a Free Traitor™. Globalist scare tactics don’t work anymore.
Steve Forbes true globalist colors coming out. What a POS.
Paul Ryan
I’m not at this point against it...
He’s right, of course.
Part of the problem is that Bannon inexplicably has got behind the BAT as a way of delivering on Trump’s protectionist utterances during the campaign.
Horrible economics.