In The News

Trump: Pay For Wall With 20% Import Tax On Mexican Imports

There are a lot of ways we can get the Mexican government to pay for the border wall.  A 20% import tax would hurt American consumers, so I think Trump is just throwing that out there as a bargaining tool.  Remember, he’s the guy who wrote The Art of the Deal.

We can take the money out of foreign aid we still send to Mexico.  We can have remittance taxes on the money that immigrants, legal or not, send home to Mexico that they earn working here.

Either way, Trump is going to make the Mexicans pay for the wall.

(As reported by: The Washington Times)

President Trump is considering a plan to tax imports from Mexico and using the money to build his promised border wall, the White House said Thursday.

Spokesman Sean Spicer said a 20 percent tax would amount to billions of dollars a year, which could “easily pay for the wall just through that mechanism alone.”

tacpack-title-banner-1

“That’s really going to provide the funding,” Mr. Spicer said.

The wall has become a major sticking point in relations between Mr. Trump and the Mexican government, with the two sides canceling a planned meeting next week. Mr. Trump and President Enrique Pena Nieto had been slated to huddle in Washington.

Mr. Pena Nieto said Wednesday that the new executive order Mr. Trump signed laying the groundwork for the wall was troubling, and he said he was thinking of nixing the meeting.

Mr. Trump responded that if Mexico wouldn’t talk about how to pay for the wall, the meeting didn’t make sense. Both men later said it was off.

Mr. Trump said during the campaign that Mexico would foot the bill for the wall, and he even put out a policy paper laying out options.

Under the latest plans, the federal government will fund the construction, but money is to be siphoned from Mexico to recover the money over time.

 

To Top