Trump's tariffs-for-tax cuts plan: Who stands to benefit?

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[jeffwhiting]

The bottom line here is that under this plan, corporations will be paying less (in taxes), and to fund that, consumers will be paying more (in tariff). The argument then proceeds to potential impacts. Heritage argues that businesses will have more income to spend on increasing business, which will mean more jobs, but nothing in the plan REQUIRES businesses to do so. It is far more likely taht the added revenue from no longer paying as much tax will be harvested by shareholders, not workers.

[Nyhiak]

Totally ridiculous. What the hell has happened to the republican party?

[MrJiro]

how the hell did trump even win in 2016 with this policy omg

[ponuni]

tariffs are becoming a way for the U.S government to raise taxes because it's impossible to get voted into office if you're proposing tax hikes loool.

[saxmanphd]

Inflation will spike from this idiotic plan

[wanderingquestions]

I’ve worked in all sorts of industries and now retired, based on my experiences, the pro-tariff talk of Richard is bull.

[chrishardin]

Heritage Foundation is wrong. Replacing taxes with tariffs will increase the debt because tariff revenue is not large enough to replace tax revenue. Our debt will soar...

[teebone]

Wages never rise regardless. Business doesn't lower prices at all and a bunch of low wage jobs is no benwfit. Record stock buybacks is all we will see

[SaviourUmo]

*Your explanations are clear and straight forward It's always a honor to have you here as a mentor, I appreciate you for the time being spent to educate us financially. Regardless of how bad it gets the economy, I still makeover $28K every single week. I truly value Laura, and her helpful guides.*

[alexsoccer]

What did Richard study, painting or comedy writing??? Please US introduce the Trump tariffs, we in Europe would be very happy about that.

[YouilAushana]

In November 1999, President Bill Clinton publicly declared "the Glass–Steagall law is no longer appropriate".

[lukegibson]

Y is he even in the PLAN for this - instead of JAIL ? ppl forgotten already what DAMAGES and CRIMES he's DONE ????

[lppoqql]

Let see, more Tariff higher prices for Americans. The Tariff goes into Government Coffers from the pockets of American consumers. Tax Cut will benefit the corporations, but with AI we are going to see huge job loss and less demand for workers. So in the end, the corporations will benefit while the people face higher prices and less work opportunity. Sounds about right.

[wm.scottpappert]

tariffs in place of taxes ? insanity ...

[HareshVaswani-ks]

This guy is an idiot. I am a CPA and I know that executives don't even think about taxes when they want to invest. They always think about return on investment (ROI), growth, financing their projects, etc. Not taxes.

[gordonj.wallis]

Yeah but a guy like me, living off of social security and a small pension, is gonna pay for the tax break for the wealthy. Every click on Amazon. It is against my own personal self interest. It will be devastating. WTF !! So you know who I’m voting for.

[rickhayes-ohzm]

well you don't manufacture anything

[crocsonletsgo]

This gives United States more negotiation power in the trade war though. Foundation is better. Opinion on weather that matters or not is up to you.

[headspaceandtiming]

She is talking garbage. Sorry folks. Capitalism grows on lower taxes.

[grahamashe]

Trump actually knows the value of the “Made in the USA” label. The world does too.