Paul Ryan's Tax Plan May Not Do What Trump Says It Will
For as loudly as Donald Trump complains about foreign trade, it’s hard to pin him to specifics. Does he prefer a 20 percent tariff on Mexican imports? Or a 45 percent tax on companies that move jobs overseas? Or… something else?
On Thursday, the president made his position a bit more clear. In an interview with Reuters, he praised a proposal by House Speaker Paul Ryan to broadly tax imports but remove taxes on exports, a core component of the Republican “Better Way” blueprint.
Ryan wants the “border adjustment” as part of a larger refactoring of the American tax code, something fiscal conservatives have sought for a long time. But Trump doesn’t appear to care about tax reform. He just wants domestic job growth.
From Reuters:
"It could lead to a lot more jobs in the United States," Trump told Reuters
