US Consumers to Pay for Wall: Trump Plans 20% Border Tax on Mexican Goods

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Tweet on Twitter / Mike “Mish” Shedlock / January 26, 2017

Trump has said repeatedly that Mexico will pay for the wall. NAFTA discussions with Mexico broke down because of that insistence.

Trump now proposes a 20% Border Tax to Pay for the Wall.

Excuse me for pointing out the obvious president Trump, but that is a tax on US consumers.

White House Press Secretary Sean Spicer said Thursday that Donald Trump planned to pay for a border wall with Mexico by convincing Congress to impose a 20 percent border tax on imports from Mexico.

Speaking in a gaggle on Air Force One, Spicer said the administration’s plan to force Mexico to pay for the wall included “using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico,” according to a pool report.


Read more ... source: The Bitcoin Channel




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