Our government isn't reducing spending, and taxes in the form of tariffs just make everything more expensive.
If we've abandoned spending reduction, and taxes are all that remain to fight deficits, there are less painful forms of taxation than trade wars that drive the price of everything through the roof, and increase federal subsidies.
Our government isn't reducing spending, and taxes in the form of tariffs just make everything more expensive.
If we've abandoned spending reduction, and taxes are all that remain to fight deficits, there are less painful forms of taxation than trade wars that drive the price of everything through the roof, and increase federal subsidies.
The only reasonable solution is something along the line of the Fair Tax that will never ever be passed. I don't see any internal tax solution that would be acceptable to the American people. We know that the top income earners pay the vast share of the taxes. Congress has continued to provide tax credits and lowered rates for the rest. In Europe, everyone pays, and their economies are in the tank with stagnant growth. Of the top 12 companies in the world that have a market capitalization of one trillion dollars or more not one is in the EU. Nine are in the USA.
We still have the economy and we overwhelm the rest of the world; for now. Many US companies manufacturing is regionalized meaning they produce in the market the sell into. TMSC with a market cap of over a trillion is building plants here in the USA.
Until someone comes up with a tax plan that doesn't hurt the American consumer and economy, I'm all ears. but until someone does Tariffs are not bad. Americans' familiar international business understand that we face trade barriers. Perhaps there isn't a tariff but obtaining leases, licenses, contracts, and other factors are a major hidden barrier that countries use against.
Our government isn't reducing spending, and taxes in the form of tariffs just make everything more expensive.
If we've abandoned spending reduction, and taxes are all that remain to fight deficits, there are less painful forms of taxation than trade wars that drive the price of everything through the roof, and increase federal subsidies.
The only reasonable solution is something along the line of the Fair Tax that will never ever be passed. I don't see any internal tax solution that would be acceptable to the American people. We know that the top income earners pay the vast share of the taxes. Congress has continued to provide tax credits and lowered rates for the rest. In Europe, everyone pays, and their economies are in the tank with stagnant growth. Of the top 12 companies in the world that have a market capitalization of one trillion dollars or more not one is in the EU. Nine are in the USA.
We still have the economy and we overwhelm the rest of the world; for now. Many US companies manufacturing is regionalized meaning they produce in the market the sell into. TMSC with a market cap of over a trillion is building plants here in the USA.
Until someone comes up with a tax plan that doesn't hurt the American consumer and economy, I'm all ears. but until someone does Tariffs are not bad. Americans' familiar international business understand that we face trade barriers. Perhaps there isn't a tariff but obtaining leases, licenses, contracts, and other factors are a major hidden barrier that countries use against.