How One New Tariff Could Cost You $5,000 This Year By Joe Jarvis - January 27, 2018
American companies actually want to stay in America now!
The corporate tax cut in the new tax law is a big deal. The top rate went from 35% down to 21% flat, across the board. I hate taxes in general, but that reduction is nothing to shake a stick at. It makes America competitive for businesses, and you know how I love to talk about the competition among governments.
Okay, so it seems we have a federal government in place that actually understands economics. After all, Trump is a billionaire businessman! He totally gets how-
Annnd he just applied tariffs to some foreign goods. Sigh.
The tariff applies a 30% charge on imported solar panels, and 50% on large residential washing machines.
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