Trump: 35 Percent Tariff for Companies That Ship Jobs Overseas
==============================================================
!
Paul Ryan, McCarthy and other GOP leaders disagree with Trump. Very interesting how will all these pan out with Trump administration.
Trump's tariff plan hits a hurdle: Congressional Republicans
GOP Not Thrilled With Trump's Plan To Keep Jobs In The US
WASHINGTON — President-elect Donald Trump's proposal to impose high import tariffs on companies that move operations outside the United States is going to be a tough sell within his own party.
Congressional Republicans — free-market supporters who have long said that government should not pick winners and losers — made clear that they disagreed with Trump’s proposal, even if they agreed with the sentiment of keeping jobs in the country. Instead, they advocated for tax reform, specifically lowering the corporate tax rate and the tax on repatriation, as an incentive to stay.
“You can't just establish tariffs at will,” said Utah Sen. Orrin Hatch, chairman of the Senate Finance Committee. “There has to be a reason."
Hatch said Republicans might support tariffs in some “isolated cases,” but not as a blanket policy. “He just sent that warning shot and it's got some businesses thinking twice before they leave,” he said of Trump’s tweet. “But give us a chance to change the tax laws, so there's much more economic incentive to stay here. We know how to do that.”