“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?
And who do you think is going to pay that tax?