Can Trump REALLY Finance the US With Tariffs

kevinprice Other News, Politics
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INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.

Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Alex Brill.

Recently Price of Business Host Kevin Price visited with Alex Brill of AEI, the former Chief Economist of the House Ways and Means Committee, about the Trump Administration’s desire to replace the income tax with a massive tariff.
Brill found many problems with this, including:
* The fact that it would be very inflationary to consumers (since those costs will be passed on by foreign companies to US customers).
* The fact that it would essentially be a consumption tax on Americans.
*  Such policies, historically, have undermined US competitiveness. Competition is the number one reason businesses get better. Tariffs (protectionism) will undermine US competitiveness.
*  It leads to tensions between countries, thus the common expression “weaponization of trade.”
* And many more.
A very informative and timely interview.

According to the American Enterprise Institute, “Alex Brill is a resident fellow at the American Enterprise Institute (AEI), where he studies the impact of tax policy on the US economy as well as the fiscal, economic, and political consequences of tax, budget, health care, retirement security, and trade policies. He is the editor of Carbon Tax Policy: A Conservative Dialogue on Pro-Growth Opportunities. Before joining AEI, Brill served as the policy director and chief economist of the House Ways and Means Committee. Previously, he served on the staff of the White House Council of Economic Advisers. He has served on the staff of the President’s Fiscal Commission (Simpson-Bowles) and the Republican Platform Committee (2008). He is also the founder and CEO of the economic consulting firm Matrix Global Advisors (MGA). Brill has an MA in mathematical finance from Boston University and a BA in economics from Tufts University.”

 

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