More tariffs and less income taxes.
Every founding father was a protectionist and they governed the USA after Adam Smith's writings on free trade. The USA became a world economic industrial power behind a wall of tariffs. Just like China ia doing today. FACT.
If IBD is against it then I am for it.
Production would wish to be a close to consumption as possible were it not for the onerous (originally illegal) income tax.
That tax made it more profitable to move production to a foreign location for local consumption.
This caused a distortion in the marketplace leading directly to this situation.
REPEAL THE SIXTEENTH AMENDMENT!
“More tariffs and less income taxes.
Every founding father was a protectionist and they governed the USA after Adam Smith’s writings on free trade. The USA became a world economic industrial power behind a wall of tariffs.”
Yup.
And according to this article: 35% corporate tax would be replaced by 20% TARIFF.
We’re already paying the 35% for consumer goods. If enacted, we’d be paying only 20%, and less on domestic goods (like Fracked oil).
If you want a border tax then fine. Just don’t expect a job or 401K.
The govt. will be doing well though.