What would a 20 percent tax on imports from Mexico mean for consumers? After Donald Trump suggested a tariff on Mexican goods as a possible source of funding for the construction of a U.S.-Mexico border wall, William Gale told USA Today that “the irony of putting a tariff on Mexican goods is that, to the extent it raises consumer prices in the U.S., consumers will be paying for the wall, not Mexican producers.” Appearing in a Reuters video, Gary Burtless claimed that the “total economy will grow a little more slowly [and your average consumer will] pay higher prices for things like fruits and vegetables, inexpensive motel stays, or other things produced by industries where illegal immigrants are an important source of labor."
A reading of the GOP’s top economic priorities. Appearing on Bloomberg Daybreak, Alice Rivlin discussed what the size of the U.S. deficit could mean for GOP fiscal policy wish lists, and a potential bipartisan solution for the Obamacare repeal and replace efforts.
Las Vegas wants to lure the Oakland Raiders with a $1.9 billion stadium. In an Economist article about the costly stadium Las Vegas seeks to build in hopes of enticing the Oakland Raiders to relocate, Ted Gayer's criticism of the Tax Reform Act of 1986 is cited. Gayer's research finds that "the federal government has subsidized newly constructed or majorly renovated professional sports stadiums to the tune of $3.2 billion federal taxpayer dollars since 2000."
Treaties and 'Trumpnomics.' David Wessel appeared on Bloomberg Markets to discuss the Trump administration’s executive action withdrawing from the Trans-Pacific Partnership, tax reform efforts, and future appointments to the Federal Reserve.
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