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Former Boehner aide frets that tariffs will "overshadow the tremendous benefits of the Tax Cuts"
Former Trump economics advisor and fellow at The Heritage Foundation, Stephen Moore, worries about a trade war cancelling the administration’s work on tax reform.
“If the tariffs raise prices on American consumers, then that will negate part of the positive impact of the tax cut,” Moore worried. “It’s the government giving the tax cut with the right hand and taking it away with the tariff with the left one.”
Michael Steel, a former top aide to former Speaker John Boehner (R-OH), shares Moore’s worries.
“There is definitely a very real concern that the economic impacts on trade could overshadow the tremendous benefits of the Tax Cuts and Jobs Act,” Steel acknowledged.
https://www.rawstory.com/2018/04/republicans-freaking-trumps-tariff-frenzy-will-kill-polls-2018-midterms/
“If the tariffs raise prices on American consumers, then that will negate part of the positive impact of the tax cut,” Moore worried. “It’s the government giving the tax cut with the right hand and taking it away with the tariff with the left one.”
Michael Steel, a former top aide to former Speaker John Boehner (R-OH), shares Moore’s worries.
“There is definitely a very real concern that the economic impacts on trade could overshadow the tremendous benefits of the Tax Cuts and Jobs Act,” Steel acknowledged.
https://www.rawstory.com/2018/04/republicans-freaking-trumps-tariff-frenzy-will-kill-polls-2018-midterms/
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