https://www.semafor.com/article/11/19/2024/republicans-leery-of-trying-to-pay-for-tax-cuts-with-trumps-tariffsDonald Trump may be interested in using steep new tariffs to pay for tax cuts next year, an idea that would force Congress to vote on his aggressive trade agenda.Republican lawmakers, however, are far from sold. Some are already panning the prospect.“I don’t like tariffs, Number One. I think the consumer pays them. So they’re regressive. They’re a sales tax, basically,” Kentucky Sen. Rand Paul told Semafor, adding that he’d still listen to the idea even though “I kind of doubt” tariffs would make it into a GOP tax bill.As Republicans prepare to take control of both chambers of Congress in January, they’re weighing whether to formalize Trump’s tariff regime as part of a bill that would extend tax cuts they passed during his first term. The decision pits the party’s free-trade orthodoxy against its new populist impulses under the president-elect, who has floated a 10 percent across-the-board tariff and more targeted tariffs on everything from Chinese goods to John Deere tractors.Trump’s broad tariffs could bring in trillions of dollars to help extend the tax cuts and potentially pay for some of the many new tax promises he made during the campaign. But such sweeping tariffs also would raise consumer prices while possibly failing to raise the revenue Republicans would need in order to vote for new levies on foreign goods.Which explains why senior members of the party are treading very carefully around the idea of paying for tax cuts with tariffs.Sen. Mike Crapo, R-Idaho, the incoming Finance Committee chairman, said he’s “not working on” any such proposal right now. Incoming Senate GOP leader John Thune said it’s a “novel” idea to raise revenue for tax cuts but only one of many options: “The question is, what are the other implications of doing that?”
gosh you're whiny lately, loljust let it all out
>>488985058>“I don’t like tariffs, Number One. I think the consumer pays them.Who pays income tax?Are we pretending consumers aren't employed?Rand Paul should be shot for this.
>>488985139You lost your RETARDED tariffs. LOL!
Based Rand Paul.
>>488985582>two people said they're not being includedHe did it with a simple EO before, there's no need for Congress to act.
