Hypothetical situation Wease....If democrats were in charge and passed a bill that would add a 20% business tax on most businesses, would the company pay that tax or would they add it to the cost of their product to the consumer. Here , I'll make it easy...would they
A) Pay the tax as their patriotic duty
B) Pass the tax on to the consumer
Now...if a company imports a product from Switzerland, and the president places a 39% tariff on it, would the company
A) Pay the tariff as part of their patriotic duty
B) Pass the tariff on to the consumer
If your answers are different - why?
This is why I say that when Trump "wins" with tariffs, Americans pay more.