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re: I'm all for more U.S. jobs, but things will cost more.
Posted on 1/25/17 at 4:13 pm to notsince98
Posted on 1/25/17 at 4:13 pm to notsince98
quote:
I don't believe this is true. Lower corporate tax rates, lower income tax rates, cheaper health insurance, better interest rates, etc. Could end up possibly giving US citizens even more buying power than we have now.
Theoretically, that offsets some of the increase in cost of living that would otherwise occur if you raise tariffs. The only problem is, the jobs that we have that are based on exports right now get directly hit if China or Mexico decide to raise their tariffs on us in response to us doing that. And all of the tax cuts and deregulation in the world can't overcome barriers to new markets, if the Chinese decide they want to play chicken.
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