Senate Small Business Hearing Suggests Some Tariff Wariness

Senate Small Business Hearing Suggests Some Tariff Wariness

A Senate Committee on Small Business and Entrepreneurship hearing held last week had only one manufacturer serving as a witness. He liked the tariffs because they stopped the bloodletting of cheaper imitations from China. However, he told the Senate that changes could be made to existing tariff policy to help lower costs as commodity and other input prices are rising fast.

Are Tariffs a Burden? CPA Senior Economist Mihir Torsekar Debates The Tax Foundation at Ohio State University

Are Tariffs a Burden? CPA Senior Economist Mihir Torsekar Debates The Tax Foundation at Ohio State University

If there is one Washington, D.C.-based organization that is outspoken against the positions of CPA, it’s the Tax Foundation. They have been instrumental in getting many legislators to believe tariffs would be a “tax” upwards of $1,000 per household.