The President of the United State does NOT impose taxes….
Congress Does…..
Some of us thought of this all thru this Trump escapade…
The Supreme’s HAVE also thought about this…..
(Trump BOASTED about how much money (Billions) ‘His’ Tariff’s ARE Raising….Which American consumers ARE paying as taxes…He’s crying about returning the money to consumers????)
They will have to address this in the Trump Tariff/Import Tax case….
The centerpiece of President Trump’s economic agenda might be scrambled because of the billions it has generated for the U.S. government.
Why it matters: Trump and his top deputies have touted how they have improved the nation’s fiscal position by raising billions from tariff revenue.
- What’s good for the deficit outlook might be a big problem for the policies’ constitutionality, however.
The big picture: In oral arguments Wednesday, Supreme Court justices — including conservatives on the bench — questioned Trump’s authority to unilaterally impose what were effectively taxes.
- While Congress has delegated powers to the president to deal with foreign policy, Chief Justice John Roberts said “the vehicle is imposition of taxes on Americans, and that has always been the core power of Congress.”
- “It’s been suggested that the tariffs are responsible for significant reduction in our deficit. I would say that’s raising revenue domestically,” Roberts said.
- Justice Sonia Sotomayor said the law that underpins the lion’s share of Trump-imposed tariffs allowed the outright ban of imports. “What it doesn’t say is the president can raise revenue,” Sotomayor said….
- …
Flashback: During a speech on “Liberation Day,” Trump said the tariffs would raise “trillions and trillions of dollars to reduce our taxes and pay down our national debt.”
- Those remarks came before Trump signed orders imposing the global tariffs that now face global scrutiny.
The bottom line: The Supreme Court sounded skeptical that Trump could enact such far-reaching tariffs, raising the odds that the highest court could curb at least some of Trump’s trade agenda….