So retirees would get screwed? Only workers get this cut?
Will you wait until the receipts are totaled, before you calculate the rebate?
Americans would keep more of their money.
Wow, you failed that econ class, didn't you?
Or was it a math class?
Try to follow, Americans will pay the tariff that funds your tax cut, how does that mean they keep more of their money?
And with a protective tariff in place, American industry would begin to revive which would cause the 23% unemployed to go back to work.
How did industry benefit from the Bush steel tariffs?
Government outlays would go down as the unemployed went back to work.
How do higher oil prices reduce unemployment?
Buy American.
Now.
It's an income tax cut. No plan is perfect.
"Will you wait until the receipts are totaled, before you calculate the rebate?"'
No need to wait. Government is either going to get tariff revenue, or income tax revenues from newly employed Americans. Government will get more if imports fall and Americans go back to work, because income taxes are higher than the new tariffs.
Besides I'm offering you a rationale to cut taxes. Aren't you free traders always arguing that our taxes are too high? Now I have a plan to cut them and you're backpedaling to beat 90!!! You can't have it both ways.
"Americans would keep more of their money." - DannyTN
Wow, you failed that econ class, didn't you?
I never failed an econ class. Not even the graduate level ones.
"Try to follow, Americans will pay the tariff that funds your tax cut, how does that mean they keep more of their money?"
They get a $1500 per worker cut in income taxes. They don't have to buy imports. They can pocket that money. Only now the American citizen gets to choose how or if that money gets spent. Before you were taxing them, so they had no choice.
How did industry benefit from the Bush steel tariffs?
It helped the steel industry. Until Bush backed down because Europe was crying and because he didn't want to reclaim our sovergnty from the WTO.
"How do higher oil prices reduce unemployment?"
Look around dude!!! Higher oil prices have created a lot of employment in the U.S. oil industry. Ever heard of Fracking??? Made possible due to higher prices. Only Saudi's and terrorist countries are benefiting from those higher prices. With a Tariff, America benefits.