Maha on the story.
Pressed to explain how Mexico would be made to pay for the wall, Bozo's minions late today suggested a 20 % tax on Mexican imports.
Apparently, they don't understand who would pay that tax.
Or they think we don't.
Or they think Trump supporters are every bit as stupid as we do.
Note, by the way, Maha suggests the wall may cost $ 20 billion.
And wasn't there to be a 20 to 25 % tariff on Mexican goods, anyway?
So that still means we pay for it.
Spicer also said the Trump administration had “been in close contact with both houses [of Congress] in moving forward and creating a plan”, adding: “It clearly provides the funding and does so in a way that the American taxpayer is wholly respected.”
Told you they think his voters are stupid.
This will not pay for the wall, necessarily, anyway.
Some Republicans, Ryan especially included, want to cut corporate taxes by whatever this tax brings in.
At a party gathering in Philadelphia, House Republicans interpreted Spicer’s statement as an endorsement for their broader plan to overhaul the corporate tax system by implementing a border adjustment tax, long championed by Ryan, which would only tax goods imported into and sold in the US.
Under the plan, the resulting revenue would be used to reduce the corporate tax rate from 35% to 20%.
So a tax on consumers in general replaces a tax on the rich.
Norquist loves it, too.
And they may be right, since Bozo the Malevolent has all along advocated both imposition of tariffs and significant cuts to corporate taxes.
Not all Republicans embraced the proposal. Senator Ben Sasse of Nebraska, an ardent critic of Trump, tweeted simply: “Tariffs are a tax on American families.”
This sentiment was echoed by Senator Lindsey Graham of South Carolina, who tweeted his thoughts in more colorful terms: “Simply put, any policy proposal which drives up costs of Corona, tequila, or margaritas is a big-time bad idea. Mucho Sad.”
However you slice it, Mexico is not paying.