| >Those costs get passed onto the consumer in the form of higher prices. ALL taxes are like this, you are just arguing against corporate taxes at this point. By your logic we should just make the corporate tax rate 0% so that we can lower the cost of goods even more. It’s mind boggling because the same people who lambasted Trump for lowering the corporate tax rate in his first term are now lambasting him for wanting to raise tariffs in his second. But these two actions effectively do the opposite of each other, so if you don’t like one you should be happy about the other. But somehow people are upset about both. Tariffs are a tax which have the benefit of basically targeting rich mega corps and incentivizing people to build locally and pay their citizens better wages. The current system makes it financially infeasible to make most things in our own country because companies are forced to compete with foreign slave labor. Also think of the carbon impact of shipping everything you buy across the entire world just so that you can take advantage of slave labor on the other side of the planet. |
I never lambasted Trump for this and I don't think corporate taxes are particularly effective. I'd rather see something more on the "backend" of earning money like payroll or incomes taxes rather than corporate taxes. They seem like a huge drain for little gain. Especially since rates vary across countries so a corporation could move and game tax structures internationally.
All your arguments about carbon impacts, making things in the U.S. are fine but the whole Trump campaign was railing on how bad inflation has gotten but tariffs would have the worst inflationary impact on everyone. That and Republicans typically don't care about workers' rights or environmental impact so that seems a bit disingenuous to bring up.
Plus, there doesn't seem to be a solid foundation on why we want to bring back manufacturing to the U.S. since we generally want to strive for making more high tech stuff, no? If we suddenly start making lower-level widgets, where are we going to find enough workers to do that without a big influx of immigrants? Immigrants already work the jobs that Americans don't like farm hands.