Sean Spicer Reveals How Mexico Will Pay For “The Wall”

Thursday, January 26, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Jan 26, 2017

Speaking to reporters aboard Air Force One, White House press secretary Sean Spicer said that as part of its plans to make Mexico “pay for the wall”, the Trump administration is considering a 20% border tax on Mexican imports.

In a brief gaggle on the way back from Philadelphia, Spicer said that POTUS has decided how to pay for the border wall: “by imposing a 20 percent tax on all imports from Mexico.”

He did not give any details about that tax, how it would work, and he described it as a beginning of a process that would be part of overall tax reform. But he did describe this as a decision that POTUS has made.

“When you look at the plan that’s taking shape now, using comprehensive tax reform as a means to tax imports from countries that we have a trade deficit from, like Mexico. If you tax that $50 billion at 20 percent of imports — which is by the way a practice that 160 other countries do — right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous. 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.”

“This is something that we’ve been in close contact with both houses in moving forward and creating a plan. It clearly provides the funding and does so in a way that the American taxpayer is wholly respected.”

The Rest…HERE

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