GOP rep says 'tariff is a tax': 'No question'
Source: The Hill
04/01/25 5:13 PM ET
Rep. Pete Sessions (R-Texas) on Monday said a tariff is a tax, a day before the Trump administrations imposition of Liberation Day reciprocal tariffs. In Sessionss appearance on CNN News Central, a Monday opinion piece from The Wall Street Journals editorial board was brought up by anchor John Berman.
In the real economic world, a tariff is a tax. If you raise $600 billion more a year in revenue for the federal government, you are taking that amount away from individuals and businesses in the private economy, the editorial board wrote in their piece. Sessions agreed with the Journals editorial board, saying that his view is I couldve written that myself.
Im
a capitalist who believes in lower prices, lower taxes, opportunities, he added. The facts of the case are that Donald Trump, now President Trump, and his advisers believe that they see the mathematics across the country, specifically in certain areas.
I am concerned about our trade with Canada, I am concerned about our trade with Mexico and Im going to give the president a chance to put his plan out.
Read more: https://thehill.com/homenews/house/5226545-gop-rep-says-tariff-is-a-tax-no-question/