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Say No to a Border Tax--excellent video
Posted on 2/26/17 at 9:19 pm
Posted on 2/26/17 at 9:19 pm
7
Posted on 2/26/17 at 9:23 pm to I B Freeman
Ryan is very wrong on this issue. Trump should forget the border tax.
Posted on 2/26/17 at 9:47 pm to I B Freeman
Either you support evening the field for our manufacturing companies or you don't? Because for at least the past 25 years they have been taking it on the chin for US consumers. These people put Trump in office too.
Posted on 2/26/17 at 10:10 pm to I B Freeman
My question is, why would Ryan, someone that railed against protectionism during the presidential campaign introduce a protectionist tax scheme such as the 20% blanket tariff on imports (aka, border adjustment tax) as the very first piece of legislation?
Seems fishy. I don't trust him.
Seems fishy. I don't trust him.
Posted on 2/26/17 at 10:14 pm to GumboPot
Because he cut a deal with Trump and it's only gonna pass if they can weed out the holdouts first. Probably looking at 6 months or so before we get a tax reform bill so they need to start whipping early and let Trump lean on them.
This post was edited on 2/26/17 at 10:21 pm
Posted on 2/27/17 at 4:39 am to GumboPot
quote:
Border Tax
quote:
protectionist tax scheme
It's protectionist if a trading partner is not doing the same thing. Unfortunately they are though. Free trade is a misnomer if one of the parties unilaterally taxes hell out of the other's products. #NAFFTA
Posted on 2/27/17 at 5:45 am to NC_Tigah
The idea we are without tariffs now is completely wrong. We have tens of thousands of tariffs in place as anti dumping tariffs.
An additional border tax will not create jobs --it will cost jobs.
Very little of what we consume today is 100% American made so a border tax will dramatically raise our cost of a lot of our goods.
As far as chemicals and drugs go a border tax will create near monopolies for the relatively few US companies that manufacture basis ingredients as regulation in the USA will prevent new domestic plant construction.
The border tax is a horrible idea and coupled with Trump's refusal to cut welfare and entitlements reveals a liberal side to Trump and Ryan that I will not support.
An additional border tax will not create jobs --it will cost jobs.
Very little of what we consume today is 100% American made so a border tax will dramatically raise our cost of a lot of our goods.
As far as chemicals and drugs go a border tax will create near monopolies for the relatively few US companies that manufacture basis ingredients as regulation in the USA will prevent new domestic plant construction.
The border tax is a horrible idea and coupled with Trump's refusal to cut welfare and entitlements reveals a liberal side to Trump and Ryan that I will not support.
This post was edited on 2/27/17 at 5:55 am
Posted on 2/27/17 at 7:27 am to I B Freeman
quote:Totally different, IBF.
We have tens of thousands of tariffs in place as anti dumping tariffs.
quote:How do we we level the playing field? Because allowing our exports to be unilaterally taxed 20% or more, is complete BS!
The border tax is a horrible idea and coupled with Trump's refusal to cut welfare and entitlements reveals a liberal side to Trump
Posted on 2/27/17 at 7:28 am to Rakim
quote:
Either you support evening the field for our manufacturing companies or you don't?
Yep
quote:
Because for at least the past 25 years they have been taking it on the chin for US consumers.
No, we've been taking up the arse
Posted on 2/27/17 at 7:40 am to NC_Tigah
What does that mean--level the playing field? We could with a command economy as you advocate make workers leave McDonalds and work in shirt factories cheap--that would be a leveling of the playing field I suppose.
It's a stupid,improper goal of government.
It's a stupid,improper goal of government.
This post was edited on 2/27/17 at 9:25 am
Posted on 2/27/17 at 8:23 am to I B Freeman
quote:Not sure if you're serious.
What does that mean--level the playing field?
Two countries have similar markets, and make similar and competitive products. Each sells for $100. Each sells both domestically and abroad.
Country "A" exports it's product to Country "B" where it captures 50% marketshare d/t identical quality and pricing. Both A & B products sell for $100 in Country "B".
Meanwhile, Country "A" imposes a 20% tax on Country "B" exports. So in Country A's domestic markets, Country B's product captures only 5% marketshare d/t identical quality but with 20% higher pricing.
So in the combined A & B Marketplace, despite being nearly identical products, Country A's product enjoys a 72.5% marketshare, while B's withers away at 27.5%.
Ask manufacturers in Country "B" "what does that mean--level the playing field?"
Posted on 2/27/17 at 9:24 am to NC_Tigah
quote:
quote:
We have tens of thousands of tariffs in place as anti dumping tariffs.
Totally different, IBF.
In what way??? Both are designed to give unfair advantages to the politically powerful in the USA.
Posted on 2/27/17 at 9:28 am to NC_Tigah
quote:
Two countries have similar markets, and make similar and competitive products. Each sells for $100. Each sells both domestically and abroad.
Country "A" exports it's product to Country "B" where it captures 50% marketshare d/t identical quality and pricing. Both A & B products sell for $100 in Country "B".
Meanwhile, Country "A" imposes a 20% tax on Country "B" exports. So in Country A's domestic markets, Country B's product captures only 5% marketshare d/t identical quality but with 20% higher pricing.
So in the combined A & B Marketplace, despite being nearly identical products, Country A's product enjoys a 72.5% marketshare, while B's withers away at 27.5%.
Ask manufacturers in Country "B" "what does that mean--level the playing field?"
Give me one example. Who in the corrupt government we have do you want making these decisions? the lobbyist?
It is a bad, bad, bad idea. The powerful companies will get their competitors blocked from US markets with and the smaller US manufacturers, distributors and dealers that rely on imports for their production will have to take it up the butt.
Posted on 2/27/17 at 9:42 am to NC_Tigah
quote:
How do we we level the playing field? Because allowing our exports to be unilaterally taxed 20% or more, is complete BS!
Link?
Posted on 2/27/17 at 9:42 am to I B Freeman
The thing is that Trump is protectionist, there's no way to dress it up, it's one of the few consistent positions he's held throughout his political life.
And a border-adjusted tax is a less destructive alternative than the tariffs Trump envisions, since it's at least uniform. So I'm worried that if they can't channel his MUH TRADE DEFICIT instincts into this, we'll get a trade war that shares all the disadvantages of the DBCFTWTFBBQ plus being arbitrary and distortionary and corrosive to our international relations.
And a border-adjusted tax is a less destructive alternative than the tariffs Trump envisions, since it's at least uniform. So I'm worried that if they can't channel his MUH TRADE DEFICIT instincts into this, we'll get a trade war that shares all the disadvantages of the DBCFTWTFBBQ plus being arbitrary and distortionary and corrosive to our international relations.
This post was edited on 2/27/17 at 9:50 am
Posted on 2/27/17 at 9:47 am to Iosh
quote:
And a border-adjusted tax is a less destructive alternative than the simple tariffs Trump envisions
"leaks" are saying that Trump really doesn't understand what Ryan is referring to and still thinks his idea of a "border tax" is what is in play...
quote:
Between the lines: A source who's worked closely with Trump tells us that when Trump hears border adjustment tax, he's often hearing "border tax." That could be something very different. Remember that the only idea in this realm that Trump has spoken of publicly and enthusiastically is his idea to punish American companies that move factories overseas with 35 percent import tariffs when they try to sell their goods back into the United States. That's very different than a tax levied on all imports.
LINK
Posted on 2/27/17 at 9:49 am to Iosh
The best position is to simply make the cost of doing business in the US less. We should have capital spending treated as expenses for tax purposes for example. The corporate tax rate should be less. We should change the pricing model on health care so that individuals buy their own instead of employers having to be involved. On and on.
Our market has moved us more into service industries because we are a wealthy country. Our market says we need more fast food labor than clothing manufacturing labor. Why change it?
It is simply a fact we produce more income for ourselves then we make goods to consume. Is there anything wrong with that?
I bet you with the tariffs Trump and Ryan wants total employment will DECREASE in the USA instead of increase.
It certainly decreased the last time we had a trade surplus---that was the great depression.
Our market has moved us more into service industries because we are a wealthy country. Our market says we need more fast food labor than clothing manufacturing labor. Why change it?
It is simply a fact we produce more income for ourselves then we make goods to consume. Is there anything wrong with that?
I bet you with the tariffs Trump and Ryan wants total employment will DECREASE in the USA instead of increase.
It certainly decreased the last time we had a trade surplus---that was the great depression.
Posted on 2/27/17 at 9:50 am to I B Freeman
I think people are forgetting that Trump wants to reduce corporate tax rates by 20% and deregulate. Increased cost from border tax will be offset by savings from tax cuts and deregulation.
Posted on 2/27/17 at 9:55 am to gatorsimz
quote:
Increased cost from border tax will be offset by savings from tax cuts and deregulation.
Mine will not.
We do not need a border tax at all.
There are mounds of anti dumping tariffs already.
Posted on 2/27/17 at 1:46 pm to I B Freeman
How much more are you willing to pay for goods to support such a tariff as Trump and Ryan want?
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