Republican representatives say “Tariffs are taxes”: “No doubt”

Rep. Peter Sessions (R-Texas) said Monday that “tariffs are taxes” the day before the Trump administration imposed “liberation day” mutual tariffs.

In Sessions’ appearance on CNN News Central, a point of view from the Wall Street Journal editorial board was proposed by host John Berman.

“In a real economic world, tariffs are taxes. If you raise $600 billion in revenue each year for the federal government, you will take this money from individuals and businesses in the private economy,” the editorial board wrote in its article.

The meeting agreed with the magazine’s editorial board, saying his “I can write that myself.”

“I…a capitalist who believes in lower prices, lower taxes and opportunities,” he added. “The fact of the case is that Donald Trump is now President Trump, and his advisers believe they have seen mathematics all over the country, especially in certain regions.”

“I’m worried about our deal with Canada, I’m worried about our trade with Mexico, and I’m going to give the president the opportunity to make his plan.”

Later, Berman put pressure on Sessions on whether he believed that “tariffs are taxes.”

Sessions answered: “There is no doubt that (a) tariffs are a tax, and I learned that in my second year of college, at Southwestern University, but the world is slightly different now.”

Trump was called “Liberation Day” Wednesday, or the day his administration will impose reciprocal tariffs on tariffs on American goods by other countries. Last week, Trump also announced that he would impose a 25% tariff on imports of foreign-made vehicles, which will take effect on Wednesday.

The mountain has been commented on the White House on the meeting and comments on diary articles.

Source link