Monday, May 1, 2017
Trump Open to Raising Tax on Gasoline
As I have warned, Trump tax cuts will result in taxes increases elsewhere.
Trump said he’s willing to raise the U.S. gasoline tax to fund infrastructure development and called the tax-overhaul plan he released last week the beginning of negotiations.
“It’s something that I would certainly consider,” Trump said Monday in an interview with Bloomberg News in the Oval Office, describing the idea as supported by truckers “if we earmarked money toward the highways.”
He also repeated his call for a “reciprocal tax,” which would be aimed at imposing levies on imports to match the rates that each country charges on U.S. exports.
Trump's tax "cuts" are a scam, They are the mere shifting of the point of taxation coupled with an increase in budget deficits.
at 12:46:00 PM