The Tariffs are Such a Good Idea that Trump is...

[IM2]

Looks like some of Trump's team recognizes the damage his tariffs will bring.

Trump team mulls new exporter tax credit amid tariff concerns​

In an effort to mitigate potential damage inflicted by the White House’s tariff policies, Trump administration officials are considering the establishment of a new exporter tax credit, according to a report from Bloomberg News, citing people familiar with the deliberations.

This rebate is aimed at bolstering US manufacturers and would be issued at the end of the year to counterbalance the impact of retaliatory tariffs as American firms attempt to sell their products in overseas markets.

The proposed tax credit, which would necessitate approval from Congress, could also extend to firms that export services abroad. However, the plan has yet to be formally presented to President Donald Trump or Treasury Secretary Scott Bessent, and it has already sparked division within the administration’s economic team.

https://www.investing.com/news/stock-market-news/trump-team-mulls-new-exporter-tax-credit-amid-tariff-concerns--bloomberg-93CH-3972013

 

[Marener]

This would probably count as the kind of market manipulation Trump attacks other countries for engaging in.

He’d be using government to artificially lower costs of products sold overseas.

 

[hadit]

This would probably count as the kind of market manipulation Trump attacks other countries for engaging in.

He’d be using government to artificially lower costs of products sold overseas.

Tax credits apply to the amount of money forcefully confiscated from American businesses. Better we should simply lower taxes across the board to "artificially lower" costs. That would be cool.

 

[Dragonlady]

Looks like some of Trump's team recognizes the damage his tariffs will bring.

Trump team mulls new exporter tax credit amid tariff concerns​

In an effort to mitigate potential damage inflicted by the White House’s tariff policies, Trump administration officials are considering the establishment of a new exporter tax credit, according to a report from Bloomberg News, citing people familiar with the deliberations.

This rebate is aimed at bolstering US manufacturers and would be issued at the end of the year to counterbalance the impact of retaliatory tariffs as American firms attempt to sell their products in overseas markets.

The proposed tax credit, which would necessitate approval from Congress, could also extend to firms that export services abroad. However, the plan has yet to be formally presented to President Donald Trump or Treasury Secretary Scott Bessent, and it has already sparked division within the administration’s economic team.

https://www.investing.com/news/stock-market-news/trump-team-mulls-new-exporter-tax-credit-amid-tariff-concerns--bloomberg-93CH-3972013

Gee Canada is using the tariffs collected on American imports to help the WORKERS being displaced by the trade war, not the companies facing retaliatory tariffs.

 

[Marener]

Tax credits apply to the amount of money forcefully confiscated from American businesses. Better we should simply lower taxes across the board to "artificially lower" costs. That would be cool.

So deficits no longer matter. Wonderful.

 

[Deplorable Yankee]

 

[hadit]

So deficits no longer matter. Wonderful.

Cut spending to match, of course. I thought that was obvious.

 

[Marener]

Cut spending to match, of course. I thought that was obvious.

You going to tell social security recipients that they’re going to miss a check this month?

 

[hadit]

You going to tell social security recipients that they’re going to miss a check this month?

Why would I do that? Do you always jump immediately to SS whenever somebody says budget cuts?

 

[justoffal]

Cut spending to match, of course. I thought that was obvious.

The only thing that's obvious to them:

Orange man bad.

If he didn't do the tariffs they'd be bitching about that too. They be saying..." See what a liar he is!"

 

[Deplorable Yankee]

Meanwhile Chinese manufacturers are in full blown panic mode
They're scrambling running in circles with nowhere to turn
Europe will never absorb the excess
Africa ,South America, the rest of Asia
Not happening you f****** idiots

They've been warned for years that over capacity would bite them in the ass one day

Well here it is

 

[hadit]

The only thing that's obvious to them:

Orange man bad.

If he didn't do the tariffs they'd be bitching about that too. They be saying..." See what a liar he is!"

And swearing up and down the benefits of tariffs.

 

[justoffal]

Meanwhile Chinese manufacturers are in full blown panic mode
They're scrambling running in circles with nowhere to turn
Europe will never absorb the excess
Africa ,South America, the rest of Asia
Not happening you f****** idiots

A few years ago when they had the situation they filled up thousands of warehouses with the goods just to keep the factories going. A lot of the goods rotted in place.

 

[Marener]

Why would I do that? Do you always jump immediately to SS whenever somebody says budget cuts?

Because you’re going to run out of other stuff to cut.

 

[justoffal]

And swearing up and down the benefits of tariffs.

They are very predictable yes.

 

[hadit]

Because you’re going to run out of other stuff to cut.

Don't forget the economy kicking into high gear on the lower taxes and the increased revenue from that.

 

[Marener]

Don't forget the economy kicking into high gear on the lower taxes and the increased revenue from that.

Ah, you think there’s a free lunch from lowering taxes.

That’s never been the case.

 

[Deplorable Yankee]

A few years ago when they had the situation they filled up thousands of warehouses with the goods just to keep the factories going. A lot of the goods rotted in place.

It's never stopped
If the machines stopped producing they die
It's a problem for well over a decade with them
15 years ago 20 years ago they were talking about driving domestic consumption upwards with incentives
Never materialized

The old world order has to end
No more government economy in the United States for completely indoctrinated uneducated rubes like marener
And let the cards fall for the chinks where they may

They were warned by us they were warned by their own

Meanwhile the South Koreans are on a plane heading to DC to make a deal
We're up to 80 countries in contact the White House looking to make deals

 

[22lcidw]

You going to tell social security recipients that they’re going to miss a check this month?

Your more worried about the free resources for Progs all hidden that has uplifted those deemed not privileged to be the real privileged. You use social security and veterans as a crutch. Republicans do not go out and destroy. Progs do that. However, it will get to the point where they do not help those who are affected by the destruction.

 

[hadit]

Ah, you think there’s a free lunch from lowering taxes.

That’s never been the case.

No need for a free lunch. The economy always picks up and revenue increases as a result when taxes go down. Couple that with imposing fiscal discipline on congresscritters who have no idea what that is, and it works better than the eternal deficits preferred by the usual suspects.