Sen. Rand Paul (R-KY) said he opposed President-elect Donald Trump's plan to place tariffs on imported goods because it would be "a tax on the consumer." The Republican lawmaker came out against the proposal during a Sunday interview on CBS after host Margaret Brennan asked if he supported billionaire hedge fund CEO Scott Bessent to be Treasury secretary. Paul said he was "leaning" towards supporting Bessent but had reservations because Trump vowed to use tariffs on imported products. "I don't like tariffs," the Republican senator explained.
Rand Paul Slams Trump's Tariff Plan: 'a Tax On The Consumer'
David Edwards, Crooks and Liars
Mon, 11/25/2024 - 10:00am
BING NEWS:
- Rand Paul Slams Trump's Tariff Plan: 'A Tax On The Consumer'
Sen. Rand Paul (R-KY) said he opposed President-elect Donald Trump's plan to place tariffs on imported goods because it would be "a tax on the consumer." ...
11/25/2024 - 4:16 am | View Link - IMF will not assess Trump's tariff, tax-cut plans until details emerge
The International Monetary Fund will assess U.S. President-elect Donald Trump's tariff and tax-cut policies as details emerge, but it's "too early to speculate" on their potential impacts, IMF ...
11/21/2024 - 4:31 am | View Link - GOP 'far from sold' on Trump’s tariff plan: report
GOP lawmakers "are far from sold" on Donald Trump's plan to use "steep new tariffs to pay for tax cuts next year," according to a Tuesday Semafor report. "I don’t like tariffs, Number One," Senator ...
11/19/2024 - 12:07 pm | View Link - Trump’s tariff proposal needs a makeover: A border-adjusted tax
President-elect Donald Trump’s proposed tariff policy could be replaced by the Destination-Based Cash Flow Tax, which would tax cash associated with U.S. consumption while exempting cash ...
11/12/2024 - 5:00 am | View Link - More
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