Supreme Court rules Trump's emergency tariffs are illegal

[Anonymous]

Anonymous wrote:

Anonymous wrote:I studied economics in high school and college. Basic stuff. Both classes told me that tariffs don't work. Basic econ 101 and high school econ.

Yet that moron....

Glad the scotus had its head screwed on straight this time.

Tariffs don't work, yet every country has them.

+1

[Anonymous]

Refunds could be simple, just have companies and individuals claim them as deductions on taxes. Probably companies already do that, but let individuals who had to pay also do that. There will be receipts if the IRS wants to check

[Anonymous]

Anonymous wrote:Refunds could be simple, just have companies and individuals claim them as deductions on taxes. Probably companies already do that, but let individuals who had to pay also do that. There will be receipts if the IRS wants to check

Companies (and the very wealthy) keep receipts. Others, not so much. And companies (and the very wealthy) import. Others just pay the eventual tariff inflated prices. Accrual of payment across the broad public to the few at the top.

It's almost as if this was by design...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.

All so that they could pass a tax cut package accruing hugely more to the rather wealthy.

Protectionism (much like communism) was a red herring.

That movie was how as a kid I learned what a 'red herring' was

OK, Chief, take 'em away. I'm gonna go home and sleep with my wife!

[Anonymous]

Trump is bumping it up to 15%

[Anonymous]

Anonymous wrote:Trump is bumping it up to 15%

so a 15% tax on the American public....wheeeee!

[Anonymous]

Anonymous wrote:Trump is bumping it up to 15%

Just an ineffective temper tantrum at this point. He doesn't have the tariff bludgeon any more to threaten countries and/or employ the grift.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Don't know if this was mentioned earlier, but won't the refunds accrue only to the importing companies? It's not like it will unwind to the tarrifs' inflationary effect on the prices consumers have paid. And with the extra 10% coming (presumably to try to make up for the lost tarriff revenue), those inflated prices only will continue to rise.

All so that they could pass a tax cut package accruing hugely more to the rather wealthy.

Protectionism (much like communism) was a red herring.

That movie was how as a kid I learned what a 'red herring' was

The Court punted on refunds. Kavanaugh was on the wrong side of the decision, but he was right that determining rebates is a non-trivial problem.

It’s a problem he helped create by voting against a preliminary injunction for the obviously illegal tariffs

Agreed.

[Anonymous]

Anyone notice how Kavanaugh basically provided a roadmap of alternative ways to impose tariffs?

[Anonymous]

Anonymous wrote:Anyone notice how Kavanaugh basically provided a roadmap of alternative ways to impose tariffs?

Of course he did.

[Anonymous]

Anonymous wrote:Trump is bumping it up to 15%

The President of the United States is literally a toddler having a temper tantrum. The rest of the world is moving on. Already now, Canada, Mexico, the EU, and the Indo-Pacific are working on a giant trade bloc that excludes the US. Republicans are absolutely destroying the future of this country. And for what? That is the mystery. Oh that's right. The GOP has been captured by the billionaires who want to turn the US into an oligarchy modeled on Russia. Traitors.

[Anonymous]

[Anonymous]

Anonymous wrote:I will be curious to see how Trump and company argue that the predicate for 122 tariffs is met.

"SEC. 122. BALANCE-OF-PAYMENTS AUTHORITY.
(a) Whenever fundamental international payments problems
require special import measures to restrict imports".

What international payments problems are we seeing?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Who would have EVER have guessed that Alito, Thomas and Kavenaugh would dissent?

They don’t want to lose money either

What?? They voted for KEEPING tariffs.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Refunds could be simple, just have companies and individuals claim them as deductions on taxes. Probably companies already do that, but let individuals who had to pay also do that. There will be receipts if the IRS wants to check

Companies (and the very wealthy) keep receipts. Others, not so much. And companies (and the very wealthy) import. Others just pay the eventual tariff inflated prices. Accrual of payment across the broad public to the few at the top.

It's almost as if this was by design...

You actually have to pay the tariffs to the US government to have a claim. If a business imports an item, pays tariffs, sell the item with a markup to cover the tariffs and a consumer buys the item at the higher price that consumer has no claim.