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  1. #1
    Senior Member Judy's Avatar
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    Trump: Tax on imports from Mexico to pay for border wall

    Trump: Tax on imports from Mexico to pay for border wall

    President Donald Trump will seek a 20% tax on goods imported from Mexico and use the revenue to build a border wall, the White House spokesman has said.

    The plan was announced just after the Mexican president cancelled a visit to Washington, amid a row sparked by the question of who will pay for the wall.

    Mr Trump on Wednesday signed an executive order to create a wall on the US southern border with Mexico.

    Making Mexico pay for a southern wall was a key election campaign pledge.

    http://www.bbc.com/news/world-us-canada-38764079
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  2. #2
    Senior Member Judy's Avatar
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    How did THAT work out for you Mexico?!!

    Trump baited you, went fishing, you took the bait, made your really stupid declarations, and fell right into his net. NAFTA is over and we've got our beautiful tariffs back, not just for the Wall, but for you to pay to have access to our market. But you gave him the Wall to bank it all on.

    Watching Trump work is like watching ... art.
    Last edited by Judy; 01-26-2017 at 07:20 PM.
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  3. #3
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    Spokesman says Trump seeks 20 percent tax on Mexican imports



    by AP
    26 Jan 2017

    PHILADELPHIA (AP) — President Donald Trump called on fellow Republicans to help him enact “great and lasting change” during a party retreat Thursday but offered few details. Later his spokesman said the president will seek a 20 percent tax on Mexican imports to pay for a proposed border wall.

    The president was greeted by cheers as he took the stage in a hotel ballroom, telling senators and House members, “This Congress is going to be the busiest Congress in decades — maybe ever.”

    He addressed lawmakers shortly after Mexican President Enrique Pena Nieto canceled a trip to Washington next week for his first meeting with the new president due to their disagreement over which of their countries would pay to build Trump’s promised wall on the border between them.

    The wall is part of Trump’s plan to halt illegal immigration to the U.S., and he has long insisted that Mexico will pay. Pena Nieto insists his country will not.

    On the flight back to Washington, White House spokesman Sean Spicer told reporters traveling with the president that Trump will seek to impose a 20 percent tax on Mexican imports to pay for the wall. Congressional approval would be needed for such a step.

    In Trump’s remarks to lawmakers, he cast the cancellation of his engagement with Pena Nieto as a mutual decision, saying they had “agreed to cancel our planned meeting.” Trump had tweeted early Thursday that “it would be better to cancel the upcoming meeting” given Pena Nieto’s unwillingness to pay for the border wall.

    Trump’s election put Republicans in control of both the White House and Congress for the first time in more than a decade. Yet Trump’s often fluid ideology has sometimes put him at odds with his own party, making agreement on issues including a tax overhaul and entitlements no guarantee.

    Addressing fellow Republicans, the president spoke about his agenda in broad terms and then skipped a planned question-and-answer session. He gave the lawmakers no specific marching orders for tackling the repeal and replace of “Obamacare,” one of the most complicated issues Congress is expected to tackle this year.

    Later Thursday, Trump planned to use his executive authority to continue implementing his agenda.

    The White House is considering steps to commission a probe of widespread voter fraud, restrict the flow of refugees to the U.S., and negotiate individual trade deals with countries that signed the proposed Trans-Pacific Partnership trade pact. Trump took steps earlier this week to withdraw the U.S. from TPP, saying the agreement puts American workers at a disadvantage.

    Trump’s brief trip to Philadelphia marked his first flight on Air Force One, the familiar blue and white government plane that has long ferried presidents around the country and the world. Spokesman Sean Spicer described Trump — who traveled throughout the campaign and the transition on his own private jet — as being “in awe” of the presidential aircraft.

    Trump saluted as he walked off his Marine helicopter and chatted with an Air Force officer who escorted him to the steps of the plane. He climbed the steps slowly but did not turn around and wave as presidents often do.

    http://www.breitbart.com/news/spokes...xican-imports/
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  4. #4
    Super Moderator GeorgiaPeach's Avatar
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    CNN reporting the White House may be walking it back. Nothing new, but Republicans are speaking out on this.
    Matthew 19:26
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  6. #6
    Senior Member Judy's Avatar
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    Trump isn't walking it back. He's just saying it's not official yet. He first has to give the notice of withdrawal which may mean some actual work by our Congresscritters. Under NAFTA the 20% is not possible. NAFTA has to terminate before that can go into effect.
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    Trump wants Mexican import tax to fund wall

    By Jordan Fabian - 01/26/17 03:45 PM EST






    President Trump will ask Congress to impose a 20 percent tax on all imports from Mexico to pay for a wall along the United States' southern border, the White House said Thursday.

    White House press secretary Sean Spicer did not give out specific details about the new tax or explain how it would be implemented, but he said it could be included in a comprehensive tax reform package.

    “We can do $10 billion a year and easily pay for the wall just through that mechanism alone. That’s really going to provide the funding,” Spicer told reporters aboard Air Force One.

    Trump has said the wall would cost $8 billion, but independent estimates peg the price tag between $15 and $25 billion.
    The announcement came after Mexican President Enrique Peña Nieto announced he would not come to Washington for a meeting with Trump after the president said he would move forward with his plan to erect the wall — and make Mexico pay for it.

    His move was interpreted as a sign Mexico will resist paying for the barrier.

    It could have far-reaching consequences for American consumers and businesses while exacerbating tensions between the two neighboring countries.

    The proposal, as explained by Spicer, appears to be similar to a controversial provision that would tax U.S. businesses’ imports and credit exports included in a House Republican tax plan.

    The so-called border adjustment provision is part of a broader plan to bring the corporate tax rate down from 35 percent to 20 percent.

    "I think the president is using every tool available to him to make sure that, as we put this wall up, he honors his commitment he made to the American people that it's going to be paid for and that Mexico will pay for it," Rep. Tom Reed (R-N.Y.), a close Trump ally and member of the tax-writing Ways and Means Committee, told The Hill at the GOP retreat in Philadelphia.

    "As we have been dealing on the committee on tax reform, one of the key components of tax reform is called border adjustability. That is a 20 percent tax on imports and a zero percent tax on exports.

    "Anything that is going to promote American manufacturing, make American competitive, I'm going to be supportive of."

    Trump previously dismissed the plan in an interview with The Wall Street Journal as being “too complicated.”

    But he seemed to offer it his approval in an address to Republicans attending the retreat.

    "We're working on a tax-reform bill that will reduce our trade deficits, increase American exports and will generate revenue from Mexico that will pay for the wall, if we decide to go that route," he said.

    The plan could benefit exporters, such as U.S.-based aerospace companies, but hurt retailers and other American companies that manufacture goods overseas to sell in the U.S.

    That could result in higher prices for American consumer goods.

    It could also reduce the number of imports coming into the U.S., which would lessen the amount of revenue collected by the tax.

    Spicer appeared to come up with the $10 billion figure by applying the 20 percent tax to the U.S. trade deficit from Mexico, which was $49.2 billion in 2015, according to the U.S. Trade Representative.

    The value of U.S. imports from Mexico that year was $295 billion.

    The spokesman said the White House has been “in close contact with both houses” of Congress about moving forward with the tax plan, which he said could eventually apply to other nations as well.

    “Right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous,” Spicer said.

    “It clearly provides the funding and does so in a way that the American taxpayer is wholly respected,” he said. “We are probably the only major country that doesn’t treat imports this way.”

    Scott Wong contributed

    http://thehill.com/policy/finance/31...x-to-fund-wall
    Last edited by artist; 01-26-2017 at 07:15 PM.
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  8. #8
    Senior Member Judy's Avatar
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    Quote Originally Posted by GeorgiaPeach View Post
    CNN reporting the White House may be walking it back. Nothing new, but Republicans are speaking out on this.
    So far, the only article I can find of a Republican speaking out against it is, you guessed it, John McCain.



    Someone needs to buy a nice supply of fly squatters and chase him around the Capitol or wherever he is with one. Oh God, why did we ever think he would have made a good President??!!! I guess we were desperate.
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  9. #9
    Super Moderator GeorgiaPeach's Avatar
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    Judy, Senator John Coryn of Texas did, too. Senator Graham will probably chime in.
    Judy likes this.
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  10. #10
    Administrator Jean's Avatar
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    Oh for sure if Sen. McCain is against it his pal Sen. Graham is in the same boat.
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