Cancel 2018.2
Oh, hi
Trump wants 20% tax on imports from Mexico to pay for wall
President Donald Trump has decided he will seek to pay for the wall on the US's southern border by imposing a 20% tax on imports from Mexico and as part of a larger comprehensive tax reform plan, the White House said Thursday.
White House press secretary Sean Spicer said the comprehensive tax reform package Trump and Republicans are looking to put together will include taxing imports from other countries, like Mexico.
"By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That's really going to provide the funding," Spicer said, referring to a 20% tax. According to the Office of the US Trade Representative, Mexico's exports to the US in 2015 was valued at $316.4 billion. The trade deficit is estimated to be $50 billion.
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Despite the controversial nature of the proposal, which is likely to be met by stiff opposition from business leaders in the US, Spicer said the proposal is one "we've been in close contact with both houses (of Congress) in moving forward and creating a plan."
http://www.cnn.com/2017/01/26/politics/donald-trump-mexico-import-tax-border-wall/index.html
Maybe Grind is right, Trump is just pulling this stunt to have other pubs say no and then he can say, I tried to keep my promise. Maybe there is a method to his madness.
President Donald Trump has decided he will seek to pay for the wall on the US's southern border by imposing a 20% tax on imports from Mexico and as part of a larger comprehensive tax reform plan, the White House said Thursday.
White House press secretary Sean Spicer said the comprehensive tax reform package Trump and Republicans are looking to put together will include taxing imports from other countries, like Mexico.
"By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That's really going to provide the funding," Spicer said, referring to a 20% tax. According to the Office of the US Trade Representative, Mexico's exports to the US in 2015 was valued at $316.4 billion. The trade deficit is estimated to be $50 billion.
___
Despite the controversial nature of the proposal, which is likely to be met by stiff opposition from business leaders in the US, Spicer said the proposal is one "we've been in close contact with both houses (of Congress) in moving forward and creating a plan."
http://www.cnn.com/2017/01/26/politics/donald-trump-mexico-import-tax-border-wall/index.html
Maybe Grind is right, Trump is just pulling this stunt to have other pubs say no and then he can say, I tried to keep my promise. Maybe there is a method to his madness.
Hurry up and put that imbecilic plan into action .. and do it before the midterms. :0)