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re: House Republicans Are Preparing To Hit Consumers With A Horrible New Tax
Posted on 2/20/17 at 7:31 am to dmjones
Posted on 2/20/17 at 7:31 am to dmjones
So, hypothetically, importers of coffee beans will pay taxes on resale of coffee with no deduction for the actual cost of the beans?? Riggggghhht! I call BS on this. At worst, there might be a tariff-type adjustment that the importer pays that leveliizes outside goods with American cost of goods - in such cases, it would be a fraction of what is implied here.
1
Posted on 2/20/17 at 7:45 am to TiggerB8t
I'm no economist but this sounds good to me. Gives a leg up to American companies by effectively reversing the status quo where cheap foreign labor (sweatshops) makes it difficult to compete.
As a consumer, I already pay taxes on the full amount of the cost of a product why shouldn't we make foreign companies do the same? Passing the cost of the tax onto the consumer will make buying American that much easier.
As a consumer, I already pay taxes on the full amount of the cost of a product why shouldn't we make foreign companies do the same? Passing the cost of the tax onto the consumer will make buying American that much easier.
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