Quote:
Originally Posted by CybrSage
Completely false, tariffs are not, and never have been, taxes.
Only Congress can authorize the taxes and only the President can authorize tariffs. They are clearly not the same
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Both will ultimately be paid by the consumer. To me, the difference is as follows;
Taxes pay for things that benefit the taxpayers, like infrastructure, military, police, fire depts, health care, research, public education and welfare. These are things that benefit all of us.
Tariffs raise the cost of imported goods, with the hope of "leveling the playing field" so U S manufacturers can compete in the U S marketplace. While this may help U S manufacturing, the consumer will still pay more for products, regardless of place of origin. But keeping manufacturing in this country helps keep us from becoming economic slaves to manufacturing countries.