Quote:
Originally Posted by opinionist
If tariffs can replace the income tax, then I say bring it on.
If tariffs can help bring jobs back from overseas, I say bring it on.
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In 2024 tariffs were 1.6% of total US revenues. If anyone thinks increasing tariffs will eliminate income tax - well, you figure it out.
Increasing tariffs on foreign made imports of steel and aluminum will allow US producers to raise prices.
Either way costs go up. Estimates are that these actions will add another $2,000 to $3,000 to the cost of a car.
So who benefits?