Anonymous wrote:How stupid is Kavanaugh comment on refunding the tariffs? It’s like he has no clue how businesses work.

I was watching a cable show and the “guest” commentator referred to Kavanaugh comment on how complicated refunds would be. They said oh it’s billions of dollars and the money has been earmarked or spent. This is laughable. The money was collected illegally and has to be returned.

Every dollar if tariff collected has a paper trail.

+1 Trump was complaining about how the SCOTUS decision doesn’t address reimbursement at all - duh, there’s already established law that determines that any tariff deemed illegal needs to be refunded.

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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.

There's a legal claim and there's an economic claim. Refund the tariff to whomever paid it to the government, but, unless the ultimate consumer actually paid the tariff, your simple solution, just generates a windfall profit to importer.

There were individuals reporting that UPS and DHL wanted payment on delivery for goods purchased from abroad. Probably there will be receipts for those, as there would have been credit card or bank transactions
However, if companies deducted tariffs as overhead, I think they should have to refile their taxes if the companies get refunds

How stupid is Kavanaugh comment on refunding the tariffs? It’s like he has no clue how businesses work.

I was watching a cable show and the “guest” commentator referred to Kavanaugh comment on how complicated refunds would be. They said oh it’s billions of dollars and the money has been earmarked or spent. This is laughable. The money was collected illegally and has to be returned.

Every dollar if tariff collected has a paper trail.

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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

Tell us, O wise one, how do tariffs lower prices?

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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.

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

Of course he did.

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

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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 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 wrote:Trump is bumping it up to 15%

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