Border taxes

[atlkvb]

When I first heard the proposal I was skeptical and honestly Trump hasn't done much to assuage my skepticism over just how they would be imposed and what good they would do? Now some opposition to them appears to be emerging from Republicans looking at way to overhaul the Nation's Tax code.

I'm still trying to decide. I'm for making our products more competitive (the stated intent behind the proposal) but I have reservations over if this is the best way to do that. As with all taxes, consumers would eventually end up paying them, and I thought Republicans were trying to lower overall tax rates, not sneak others in through the back door.

What do you guys think?
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2017-02-03-12-06-24

 

[Airport]

When I first heard the proposal I was skeptical and honestly Trump hasn't done much to assuage my skepticism over just how they would be imposed and what good they would do? Now some opposition to them appears to be emerging from Republicans looking at way to overhaul the Nation's Tax code.

I'm still trying to decide. I'm for making our products more competitive (the stated intent behind the proposal) but I have reservations over if this is the best way to do that. As with all taxes, consumers would eventually end up paying them, and I thought Republicans were trying to lower overall tax rates, not sneak others in through the back door.

What do you guys think?
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2017-02-03-12-06-24

my response to a border tax would be, is the country under valuing their currency? As far as Mexico goes, I would tell them that if they want to keep selling their products tax free, help stop illegal aliens from crossing. I would also look into the transfer of money from mexican workers here in the US back to Mexico. There's probably a way to tax wire tansfers there from non institutional entities.

 

[atlkvb]

my response to a border tax would be, is the country under valuing their currency? As far as Mexico goes, I would tell them that if they want to keep selling their products tax free, help stop illegal aliens from crossing. I would also look into the transfer of money from mexican workers here in the US back to Mexico. There's probably a way to tax wire tansfers there from non institutional entities.

Yes what you say here is true, but we don't pay that. We just keep them (Mexico) from that money Airport, and I'm for that as a way to force them to pay for that Wall.

This border tax is different though. This would be on goods coming into our country. We would pay that. I'm asking how that tax makes our products more competitive, or how is it helping we consumers if we're paying more for things built cheaper overseas?

Suppose I want the cheaper Foreign product? My Government is telling me I don't have the right to make that choice without being forced to pay a higher tax on it. You think that's fair?

 

[WVPATX]

When I first heard the proposal I was skeptical and honestly Trump hasn't done much to assuage my skepticism over just how they would be imposed and what good they would do? Now some opposition to them appears to be emerging from Republicans looking at way to overhaul the Nation's Tax code.

I'm still trying to decide. I'm for making our products more competitive (the stated intent behind the proposal) but I have reservations over if this is the best way to do that. As with all taxes, consumers would eventually end up paying them, and I thought Republicans were trying to lower overall tax rates, not sneak others in through the back door.

What do you guys think?
http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2017-02-03-12-06-24

I am not a fan of tariffs. But if China keeps manipulating its currency, they must be punished and stop that behavior. If companies move their plants offshore to save payroll dollars and then sell their products back into the U.S. after we lower their taxes and allow repatriation, I am on the fence. We have a huge issue with income inequality and if it continues to get worse, capitalism is in danger.

I'm still mulling this whole idea over. Not sold yet.

 

[atlkvb]

I'm still mulling this whole idea over. Not sold yet.

I hear 'ya PAX. As I'm studying up on it, the more I learn the less I like. Of particular concern to me is something a "value added" border tax. WTF is THAT?

I'm for making our stuff here as cheaply as we can. Cool. If China doesn't want to sell to us without their subsidies, then just ell 'em we want a deal on our price since we're their biggest customer.

Wal-Mart goes to a supplier and demands a cut in costs per unit--but in exchange says give us 10 million of 'em..or try to sell as many of 'em at whatever price you think you can get to somebody else. You want our volume, you get our price.

We should tell China to knock off the currency hijinx, or we buy from Indonesia, Korea & India without some commensurate price breaks.

I don't like the border taxes.