Republicans are at a retreat today to come up with policies, er, ways to screw the American people over. And together with our Dear Leader Donald Trump, they have come up with a doozy of a plan to pay for Trump’s “beautiful wall” with Mexico. Trump wants 20% tax on imports from Mexico to pay for wall:
President Donald Trump has decided he will seek to pay for the wall on the US’s southern border by imposing a 20% tax on imports from Mexico and as part of a larger comprehensive tax reform plan, the White House said Thursday.
White House press secretary Sean Spicer said the comprehensive tax reform package Trump and Republicans are looking to put together will include taxing imports from other countries, like Mexico.
“By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That’s really going to provide the funding,” Spicer said, referring to a 20% tax. According to the Office of the US Trade Representative, Mexico’s exports to the US in 2015 was valued at $316.4 billion. The trade deficit is estimated to be $50 billion.