The Border Adjustment Tax for Dummies: Who Will Pay for the Wall?
As you may have heard, within months President Trump will begin construction on a giant wall along our southern border, sealing us off from Mexico.
The wall, of course, will cost money — approximately $15 billion, in fact. Earlier today, White House Press Secretary Sean Spicer explained that the U.S.could “easily pay for the wall” by imposing a 20% tax on all imports from Mexico.
If you were one of the millions of TV viewers who instantly reacted to that statement by tilting your head to the side like a confused Labrador, then this post is for you.
Continue reading on Forbes.com.
Authored by Tony Nitti, Withum Partner and writer for Forbes.com.
