McCarthy cool to Trump threat of 35% tar­iffs on for­eign goods

The Washington Times Daily - - POLITICS - — Tom How­ell Jr.

House Ma­jor­ity Leader Kevin McCarthy on Mon­day re­fused to back Pres­i­dent-elect Don­ald Trump’s push for a 35-per­cent tar­iff on com­pa­nies that move op­er­a­tions abroad and then sell their goods back in the U.S., say­ing cor­po­rate tax re­form is the key to re­tain­ing Amer­i­can jobs.

“I think that’s a bet­ter way to solve the prob­lem than get­ting in a trade war over a 35-per­cent tar­iff,” the Cal­i­for­nia Repub­li­can told re­porters.

Mr. Trump pitched his get-tough

ap­proach in a tweet Sun­day, say­ing com­pa­nies that move jobs off­shore will be “mak­ing a very ex­pen­sive mis­take” and would face a 35-per­cent tax. That raised eye­brows among Repub­li­cans such as Sen. Ben Sasse of Ne­braska, who said it could lead to higher prices for fam­i­lies.

Yet Mr. McCarthy down­played ap­par­ent rifts be­tween Mr. Trump and con­gres­sional Repub­li­cans, who’ve also strug­gled to de­fend tax breaks that were doled out to Car­rier, an In­di­ana-based man­u­fac­turer,

through sit­ting gov­er­nor and Vice Pres­i­dent-elect Mike Pence.


Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.