Tuesday, July 16, 2019

Tariffs Are an Indirect Tax on Consumers, Not China



Tariffs are an indirect tax on consumers, despite what Trump and the GOP tell you.

When there are tariffs in place, consumer goods coming into the United States are charged a tariff. 

The tax received from the tariff goes to the United States treasury.

The retailer who purchases the consumer goods pays the additional cost that the tariff caused.

The retailer then will raise the price of the product to cover the cost of the tariff.

When the consumer purchases the product, the price includes the cost of the tariff. 

Therefore, as simple as this is, the consumer is paying for the tariff tax. 

There should be no increase in taxes, direct or indirect, without specific approval of the voters.

Since the Constitution specifies that all revenue bills are to be introduced in the House of Representatives, it is the House and only the House that should be able to raise revenues.

No comments:

Post a Comment