Discussion:
Guess Who Will Be Paying For Trump's Border Wall?
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AlleyCat
2017-10-06 04:43:37 UTC
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On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.

Yes, Trump can make Mexico pay for the border wall. Here's how.

Here's what President-elect Donald Trump has been doing since the election

He has been holding interviews and meetings as he prepares to transition
into the White House.
By Marc A. Thiessen January 17

Mexican President Enrique Peña Nieto told an assembly of top diplomats
last week that "Mexico of course will not pay" for Donald Trump's wall.
His predecessor, former president Vicente Fox, put it more bluntly in a
tweet storm last week, declaring: "TRUMP, when will you understand that I
am not paying for that [f----n] wall."

They are both wrong. Trump absolutely can make Mexico pay. And the answer
lies in a provision of the corporate tax-reform plan House Republicans are
planning to take up after Trump's inauguration - the so-called "border
adjustment."

The House Republicans' plan would lower the corporate tax from 35 percent
to 20 percent and apply the tax based on the location of consumption
rather than the location of production. It would do this through a "border
adjustment" that exempts exports while taxing imports. Under the plan, all
imports coming into the United States would be subject to the 20 percent
tax, but exports would have the tax refunded - making them tax-free.

Supporters see it as a way for Trump to follow through on his campaign
pledge to tax imports and support exports without resorting to tariffs
that would provoke a massive global trade fight. Right now, more than 160
countries around the world have a "border adjusted" value-added tax (VAT).
So unlike tariffs, a border adjustment should be able to pass muster with
the World Trade Organization.

President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)

Here is where the wall comes in: As economist Martin Feldstein explains,
the border adjustment would raise hundreds of billions in tax revenue -
not from U.S. consumers or corporations, but from our foreign trading
partners. Under the border adjustment, the United States would refund the
tax on exports and charge it on imports - so the net revenue would be
negative if we had a trade surplus, and positive if we had a trade
deficit. Because the United States has a trade deficit, Feldstein
calculates the border adjustment would bring in about $120 billion a year,
or $1 trillion over a decade.

One of the countries with whom we have a large trade deficit is .?.?.
Mexico. The U.S. trade deficit in goods with Mexico was $60.7 billion in
2015 and is expected to be around $65 billion in 2016. So if Mexican
imports are taxed at a rate of 20 percent, the United States would raise
about $13 billion a year in revenue from Mexico via the border adjustment.

How much will the wall cost? Trump has put the price at between $8 billion
and $12 billion. Others have suggested it could be higher, between $15
billion and $25 billion. Either way, the full cost would be more than
covered in one or two years by the $13 billion in annual revenues we would
collect from Mexico. Indeed, over several years, the border adjustment
could force Mexico to pay not only for the wall, but for the costs of a
lot of Trump's other border-security measures - from expediting the
deportation of criminal aliens to hiring more screeners to conduct
"extreme vetting."

In other words, the border adjustment would allow Trump to keep two major
campaign promises at once - he could tax imports and subsidize exports,
while forcing Mexico to pay for the wall.

And here is the really brilliant part: There is nothing Mexico could do
about it. Mexico might find ways to retaliate over specific measures
targeting it - such as increased fees for visas or taxing remittances. But
with the border adjustment, Mexico would have no recourse to complain,
because such a measure is global in nature and would affect all U.S.
trading partners equally. Plus, how could Mexico object when it is one of
the 160 countries around that world that has a "border adjusted" VAT of
its own?

So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
--
STILL can't understand why liberal Democrats are so in love with Mexicans.
Mexicans are against abortion, contraception, pre-marital sex, mainly
because they're mostly Catholic... oh, and they HATE you. Am I leaving
anything else out that you just LOVE about them?

Riiiiight... they're potential Democrap voters.

Loading Image...

Loading Image...
Governor Swill
2017-10-07 08:36:42 UTC
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Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
Yes, Trump can make Mexico pay for the border wall. Here's how.
Here's what President-elect Donald Trump has been doing since the election
He has been holding interviews and meetings as he prepares to transition
into the White House.
By Marc A. Thiessen January 17
Mexican President Enrique Peña Nieto told an assembly of top diplomats
last week that "Mexico of course will not pay" for Donald Trump's wall.
His predecessor, former president Vicente Fox, put it more bluntly in a
tweet storm last week, declaring: "TRUMP, when will you understand that I
am not paying for that [f----n] wall."
They are both wrong. Trump absolutely can make Mexico pay. And the answer
lies in a provision of the corporate tax-reform plan House Republicans are
planning to take up after Trump's inauguration - the so-called "border
adjustment."
The House Republicans' plan would lower the corporate tax from 35 percent
to 20 percent and apply the tax based on the location of consumption
rather than the location of production. It would do this through a "border
adjustment" that exempts exports while taxing imports. Under the plan, all
imports coming into the United States would be subject to the 20 percent
tax, but exports would have the tax refunded - making them tax-free.
Supporters see it as a way for Trump to follow through on his campaign
pledge to tax imports and support exports without resorting to tariffs
that would provoke a massive global trade fight. Right now, more than 160
countries around the world have a "border adjusted" value-added tax (VAT).
So unlike tariffs, a border adjustment should be able to pass muster with
the World Trade Organization.
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.

Jeeezus! Who reminds you to breathe?
Post by AlleyCat
Here is where the wall comes in: As economist Martin Feldstein explains,
the border adjustment would raise hundreds of billions in tax revenue -
not from U.S. consumers or corporations, but from our foreign trading
partners.
No, not right. The tax is passed along to the consumer. It's the
consumer who ultimately provides that tax money. Since consumers have
already paid for the wall through income tax, why should they have to
pay again at the store? What a scam!
Post by AlleyCat
Under the border adjustment, the United States would refund the
tax on exports and charge it on imports - so the net revenue would be
negative if we had a trade surplus, and positive if we had a trade
deficit. Because the United States has a trade deficit, Feldstein
calculates the border adjustment would bring in about $120 billion a year,
or $1 trillion over a decade.
One of the countries with whom we have a large trade deficit is .?.?.
Mexico. The U.S. trade deficit in goods with Mexico was $60.7 billion in
2015 and is expected to be around $65 billion in 2016. So if Mexican
imports are taxed at a rate of 20 percent, the United States would raise
about $13 billion a year in revenue from Mexico via the border adjustment.
How much will the wall cost? Trump has put the price at between $8 billion
and $12 billion. Others have suggested it could be higher, between $15
billion and $25 billion. Either way, the full cost would be more than
covered in one or two years by the $13 billion in annual revenues we would
collect from Mexico. Indeed, over several years, the border adjustment
could force Mexico to pay not only for the wall, but for the costs of a
lot of Trump's other border-security measures - from expediting the
deportation of criminal aliens to hiring more screeners to conduct
"extreme vetting."
In other words, the border adjustment would allow Trump to keep two major
campaign promises at once - he could tax imports and subsidize exports,
while forcing Mexico to pay for the wall.
And here is the really brilliant part: There is nothing Mexico could do
about it. Mexico might find ways to retaliate over specific measures
targeting it - such as increased fees for visas or taxing remittances. But
with the border adjustment, Mexico would have no recourse to complain,
because such a measure is global in nature and would affect all U.S.
trading partners equally. Plus, how could Mexico object when it is one of
the 160 countries around that world that has a "border adjusted" VAT of
its own?
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
*shaking head*

Man, you guys will buy anything, won't you?

Swill
--
"Bungled collusion is still collusion." -- Charles Krauthammer.
Siri Cruise
2017-10-07 09:32:14 UTC
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Post by Governor Swill
Post by AlleyCat
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.
Import duties are always paid by the consumer in the destination country. That's
the point: raise the import's price to drive consumers to domestic products.
--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Free the Amos Yee one. This post / \
Yeah, too bad about your so-called life. Ha-ha. insults Islam. Mohammed
Sgt. Rock
2017-10-07 14:49:46 UTC
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Post by Siri Cruise
Post by Governor Swill
Post by AlleyCat
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.
Import duties are always paid by the consumer in the destination country.
Right now it's our "duty" to provide free medical care, schooling,
benefits, crime prevention, etc.

NO MORE!!!!
Governor Swill
2017-10-09 09:42:32 UTC
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Post by Siri Cruise
Post by Governor Swill
Post by AlleyCat
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.
Import duties are always paid by the consumer in the destination country. That's
the point: raise the import's price to drive consumers to domestic products.
Inflationary policy that limits consumption. Sounds a lot like
'stagflation'.

Swill
--
"Bungled collusion is still collusion." -- Charles Krauthammer.
Sgt. Rock
2017-10-09 14:28:11 UTC
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Raw Message
Post by Governor Swill
Post by Siri Cruise
Post by Governor Swill
Post by AlleyCat
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.
Import duties are always paid by the consumer in the destination country. That's
the point: raise the import's price to drive consumers to domestic products.
Inflationary policy that limits consumption. Sounds a lot like
'stagflation'.
Swill
A Dem favorite, so why is your rotten-hipped Hotlanta faggot ass up in
arms over it?
Sgt. Rock
2017-10-07 14:46:12 UTC
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Post by Governor Swill
Jeeezus! Who reminds you to breathe?
The same person who repacks your prolapsed anus after a night of your
gay roomies sodomizing you?
Sgt. Rock
2017-10-07 14:47:50 UTC
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Raw Message
Post by Governor Swill
Post by AlleyCat
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
So, the taxpayers would be paying for the wall twice, right? Once, in
their income tax and the second when purchasing products.
Do you bray about paying for the rest of our national security defense
apparatus too, traitor?

FUCK YOU!
Post by Governor Swill
Jeeezus! Who reminds you to breathe?
The same person who repacks your prolapsed anus after a night of your
gay roomies sodomizing you?
Sgt. Rock
2017-10-07 14:48:49 UTC
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Raw Message
Post by Governor Swill
Post by AlleyCat
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
*shaking head*
Man, you guys will buy anything, won't you?
Anything but another 11 million Central Americans doing the bum's rush
into OUR nation, ya miserable faggot TRAITOR!
Gronk
2017-10-11 03:41:13 UTC
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Raw Message
Post by Governor Swill
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Governor Swill
2017-10-16 11:44:11 UTC
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Raw Message
Post by Gronk
Post by Governor Swill
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.

Swill
--
"Bungled collusion is still collusion." -- Charles Krauthammer.
Dihedron
2017-10-16 15:01:04 UTC
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Post by Governor Swill
Post by Gronk
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
Swill
--
To your gay coven in Hotlanta, faggot?

DIE REAL SOON YOU LEOPARD SPOTTED AIDS TRASH.
Gronk
2017-10-18 04:25:16 UTC
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Raw Message
Post by Governor Swill
Post by Gronk
Post by Governor Swill
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
I was implying *Brooklyn* bridge, but yours works better!
AlleyCat
2017-10-18 05:34:50 UTC
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Raw Message
On Tue, 17 Oct 2017 22:25:16 -0600, Gronk says...
Post by Gronk
Post by Governor Swill
Post by Gronk
Post by Governor Swill
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
I was implying *Brooklyn* bridge, but yours works better!
You're both gonna choke on that bridge when you see the wall going up, no
matter WHO pays for it up front.

These cost money, so they're NOT going to waste money, building and
designing prototypes unless they go up.

=====

CBSNews

Border Wall Prototypes To Be Built In Otay Mesa

Posted: Apr 11, 2017 2:16 PM CST
Updated: Apr 11, 2017 7:55 PM CST

OTAY MESA (CNS) - Prototypes of the border wall being proposed by
President Donald Trump will be built in the Otay Mesa section of San Diego
beginning in the summer, it was reported Tuesday.

According to a published report, the models will go up on a strip of land
close to the border.

http://www.cbs8.com/story/35124764/report-border-wall-prototypes-to-be-
built-in-otay-mesa

=====

ABCNews

Trump Administration Picks Companies To Build Border Wall Prototypes

By GENEVA SANDS

Sep 1, 2017, 12:00 AM ET

PHOTO: A U.S. Border Patrol agent working with a border wall repair crew
welds a section of steel over a hole cut in the border wall in San Diego,
Calif., June 13, 2013. Gregory Bull/AP

Watch Trump administration pick companies to build border wall prototypes

Customs and Border Protection (CBP) announced Thursday that four vendors
have been selected to design and build prototypes for the proposed U.S.-
Mexico border wall, which remains a top priority of the Trump
administration.

The four companies awarded contracts are: Caddell Construction Co., Fisher
Sand & Gravel Co., Texas Sterling Construction Co. and W. G. Yates & Sons
Construction Company.

http://abcnews.go.com/Politics/trump-administration-picks-companies-build-
border-wall-prototypes/story?id=49563983

=====

ABCNews

US Plans To Construct Up To 8 Border Wall Prototypes This Summer

By GENEVA SANDS

Jun 28, 2017, 1:46 PM ET

Customs and Border Protection (CBP), the agency implementing the border
wall construction process, is planning for the construction of four to
eight wall prototypes in San Diego "later this summer," said CBP Acting
Deputy Commissioner Ronald Vitiello Tuesday.
Interested in Mexico?

"We're leaning on industry to innovate and to use other materials to show
us what they think is possible, doable and innovative for this purpose,"
said Vitiello.

CBP has entered "phase two" of the process, and is currently reviewing and
evaluating proposals for wall prototypes, but no contracts have been
awarded yet. On March 17, CBP issued two separate requests for proposals
from companies for wall prototypes -- one for "reinforced concrete" and
one for "alternative materials."

http://abcnews.go.com/US/us-plans-construct-border-wall-prototypes-
summer/story?id=48324559
Siri Cruise
2017-10-18 07:12:16 UTC
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Post by AlleyCat
US Plans To Construct Up To 8 Border Wall Prototypes This Summer
How much of the prototype costs is Mexico paying?
--
:-<> Siri Seal of Disavowal #000-001. Disavowed. Denied. Deleted. @
'I desire mercy, not sacrifice.' /|\
Free the Amos Yee one. This post / \
Yeah, too bad about your so-called life. Ha-ha. insults Islam. Mohammed
Exeter!
2017-10-18 13:54:58 UTC
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Raw Message
Post by Siri Cruise
Post by AlleyCat
US Plans To Construct Up To 8 Border Wall Prototypes This Summer
How much of the prototype costs is Mexico paying?
You do't let manual labor "prototype" you set them to building, cunt.
Gronk
2017-10-22 04:38:11 UTC
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Post by AlleyCat
On Tue, 17 Oct 2017 22:25:16 -0600, Gronk says...
Post by Gronk
Post by Governor Swill
Post by Gronk
Post by Governor Swill
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
I was implying *Brooklyn* bridge, but yours works better!
You're both gonna choke on that bridge when you see the wall going up, no
matter WHO pays for it up front.
These cost money, so they're NOT going to waste money, building and
designing prototypes unless they go up.
BWAHAHAHA

Many things never get past the prototype stage.
TOS tRudey Ball now!
2017-10-22 17:17:15 UTC
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Post by Gronk
On Tue, 17 Oct 2017 22:25:16 -0600,  Gronk says...
Post by Gronk
Post by Gronk
Post by Governor Swill
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol!  To Nowhere.  Perfect.
I was implying *Brooklyn* bridge, but yours works better!
You're both gonna choke on that bridge when you see the wall going up, no
matter WHO pays for it up front.
These cost money, so they're NOT going to waste money, building and
designing prototypes unless they go up.
BWAHAHAHA
Many things never get past the prototype stage.
60 years past?

You are so damned STUPID!!!
AlleyCat
2017-10-23 01:11:55 UTC
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Raw Message
On Sat, 21 Oct 2017 22:38:11 -0600, Gronk says...
Post by Gronk
Post by AlleyCat
These cost money, so they're NOT going to waste money, building and
designing prototypes unless they go up.
BWAHAHAHA
Many things never get past the prototype stage.
Yeah, like these parts of the fence that have been in place for decades
and Hillary and Bill WANTED?

http://tinyurl.com/Bills-Wall

We do not want to do anything to encourage more illegal immigration into
this country we have to stop the inflow of illegals coming into our
country. - Hillary Clinton

Look, I voted numerous times when I was a senator to spend money to build
a barrier (wall, fence, etc.) to try to prevent illegal immigrants from
coming in. - Hillary Clinton

If they've committed transgressions of whatever kind they should be
obviously deported. - Hillary Clinton

I voted for border security, and some of it was a fence.
I don't think we ever called it a WALL, maybe in some
places it was a wall. - Hillary Clinton

You know, secure our borders with technology, personnel,
physical barriers if necessary, we need to have tougher
employer sanctions. - Hillary Clinton


All Americans, not only in the states mostly heavily affected, but in
every place in this country, are rightly disturbed by the large numbers of
illegal ALIENS entering our country. - Bill Clinton



Hillary Clinton used to sound a lot like Trump on immigration:



Hillary's Mexican Wall - We need to build a Wall!



Hillary Agrees: BUILD a WALL at the Mexican Border - Great Idea She Admits



Hillary Clinton Demands United States Build A Wall At The Mexican Border



Hillary Clinton Says US Need To Secure Borders, And Illegals Should Be
Deported And Build A Wall -

PIBB
2017-10-23 22:10:55 UTC
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Post by Gronk
On Tue, 10 Oct 2017 21:41:13 -0600, Gronk
Post by Gronk
Post by Governor Swill
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
So yes, thanks to the border adjustment, Donald Trump can
indeed make Mexico pay for the BLEEP-ing wall. And Mexico
would be powerless to stop him.
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
I was implying *Brooklyn* bridge, but yours works better!
Will any other bridge do?
Exeter!
2017-10-23 23:02:53 UTC
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Raw Message
Post by PIBB
Will any other bridge do?
The one he built up yer arse looks traffic worthy.
Governor Swill
2017-10-29 17:27:37 UTC
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Raw Message
Post by Exeter!
Post by PIBB
Will any other bridge do?
The one he built up yer arse looks traffic worthy.
Why are you looking up his arse?

Swill
--
"Bungled collusion is still collusion." -- Charles Krauthammer.
Logiplanar
2017-10-29 20:04:52 UTC
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Raw Message
Post by Governor Swill
Post by Exeter!
Post by PIBB
Will any other bridge do?
The one he built up yer arse looks traffic worthy.
Why are you looking up his arse?
Swill
Why are you even drawing breath?


You fucking rotten-hipped Hotlanta faggot-faced DNC shill.


DIE!
Gronk
2017-10-30 03:36:52 UTC
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Raw Message
Post by PIBB
Post by Gronk
On Tue, 10 Oct 2017 21:41:13 -0600, Gronk
Post by Gronk
Post by Governor Swill
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
So yes, thanks to the border adjustment, Donald Trump can
indeed make Mexico pay for the BLEEP-ing wall. And Mexico
would be powerless to stop him.
*shaking head*
Man, you guys will buy anything, won't you?
Like a bridge. HAHAHAHAHA
Lol! To Nowhere. Perfect.
I was implying *Brooklyn* bridge, but yours works better!
Will any other bridge do?
Sure, why not. Trumptards are truly that ignorant and stupid.

Gronk
2017-10-11 03:40:07 UTC
Permalink
Raw Message
Post by AlleyCat
On Thu, 05 Oct 2017 13:55:57 -0500, Mitchell Holman says...
Trump said Mexico would pay for the wall.
They will.
Yes, Trump can make Mexico pay for the border wall. Here's how.
Here's what President-elect Donald Trump has been doing since the election
He has been holding interviews and meetings as he prepares to transition
into the White House.
By Marc A. Thiessen January 17
January 17th. HAHAHAHAHAHAHAHAHAH
Schoom
2017-10-14 12:07:21 UTC
Permalink
Raw Message
In article <***@news.eternal-
september.org>
 
 
On Thu, 05 Oct 2017 13:55:57 -0500, Fag Mitchell Holman says...
 
Trump said Mexico would pay for the wall.
They will.
Yes, Trump can make Mexico pay for the border wall. Here's how.
Here's what President-elect Donald Trump has been doing since the election
He has been holding interviews and meetings as he prepares to transition
into the White House.
By Marc A. Thiessen January 17
Mexican President Enrique Peña Nieto told an assembly of top diplomats
last week that "Mexico of course will not pay" for Donald Trump's wall.
His predecessor, former president Vicente Fox, put it more bluntly in a
tweet storm last week, declaring: "TRUMP, when will you understand that I
am not paying for that [f----n] wall."
They are both wrong. Trump absolutely can make Mexico pay. And the answer
lies in a provision of the corporate tax-reform plan House Republicans are
planning to take up after Trump's inauguration - the so-called "border
adjustment."
The House Republicans' plan would lower the corporate tax from 35 percent
to 20 percent and apply the tax based on the location of consumption
rather than the location of production. It would do this through a "border
adjustment" that exempts exports while taxing imports. Under the plan, all
imports coming into the United States would be subject to the 20 percent
tax, but exports would have the tax refunded - making them tax-free.
Supporters see it as a way for Trump to follow through on his campaign
pledge to tax imports and support exports without resorting to tariffs
that would provoke a massive global trade fight. Right now, more than 160
countries around the world have a "border adjusted" value-added tax (VAT).
So unlike tariffs, a border adjustment should be able to pass muster with
the World Trade Organization.
President Trump has repeatedly asserted that "Mexico will pay" for his
proposed southern border wall - but he's also said the U.S. will be
reimbursed by Mexico after building it with taxpayer funds. (Peter
Stevenson/The Washington Post)
Here is where the wall comes in: As economist Martin Feldstein explains,
the border adjustment would raise hundreds of billions in tax revenue -
not from U.S. consumers or corporations, but from our foreign trading
partners. Under the border adjustment, the United States would refund the
tax on exports and charge it on imports - so the net revenue would be
negative if we had a trade surplus, and positive if we had a trade
deficit. Because the United States has a trade deficit, Feldstein
calculates the border adjustment would bring in about $120 billion a year,
or $1 trillion over a decade.
One of the countries with whom we have a large trade deficit is .?.?.
Mexico. The U.S. trade deficit in goods with Mexico was $60.7 billion in
2015 and is expected to be around $65 billion in 2016. So if Mexican
imports are taxed at a rate of 20 percent, the United States would raise
about $13 billion a year in revenue from Mexico via the border adjustment.
How much will the wall cost? Trump has put the price at between $8 billion
and $12 billion. Others have suggested it could be higher, between $15
billion and $25 billion. Either way, the full cost would be more than
covered in one or two years by the $13 billion in annual revenues we would
collect from Mexico. Indeed, over several years, the border adjustment
could force Mexico to pay not only for the wall, but for the costs of a
lot of Trump's other border-security measures - from expediting the
deportation of criminal aliens to hiring more screeners to conduct
"extreme vetting."
In other words, the border adjustment would allow Trump to keep two major
campaign promises at once - he could tax imports and subsidize exports,
while forcing Mexico to pay for the wall.
And here is the really brilliant part: There is nothing Mexico could do
about it. Mexico might find ways to retaliate over specific measures
targeting it - such as increased fees for visas or taxing remittances. But
with the border adjustment, Mexico would have no recourse to complain,
because such a measure is global in nature and would affect all U.S.
trading partners equally. Plus, how could Mexico object when it is one of
the 160 countries around that world that has a "border adjusted" VAT of
its own?
So yes, thanks to the border adjustment, Donald Trump can indeed make
Mexico pay for the BLEEP-ing wall. And Mexico would be powerless to stop
him.
--
 
STILL can't understand why liberal Democrats are so in love with Mexicans.
Mexicans are against abortion, contraception, pre-marital sex, mainly
because they're mostly Catholic... oh, and they HATE you. Am I leaving
anything else out that you just LOVE about them?
Riiiiight... they're potential Democrap voters.
http://i.imgur.com/VsWANkz.jpg
http://i.imgur.com/5oeqnDw.jpg
A lot of Mexicans are queers, cross-dressers, trannys, etc.

That is the kind of people Democrats like to associate with.
 
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