December 6, 2016

HE'S NOT A REPUBLICAN:

House G.O.P. Signals Break With Trump Over Tariff Threat (JENNIFER STEINHAUER, DEC. 5, 2016, NY Times)

House Republican leaders signaled on Monday that they would not support President-elect Donald J. Trump's threat to impose a heavy tax on companies that move jobs overseas, the first significant confrontation over the conservative economic orthodoxy that Mr. Trump relishes trampling.

"I don't want to get into some kind of trade war," Representative Kevin McCarthy, Republican of California and majority leader, told reporters in response to Mr. Trump's threats over the weekend to seek a 35 percent import tariff on goods sold by United States companies that move jobs overseas and displace American workers.

Speaker Paul D. Ryan also pushed back against Mr. Trump on Monday in an interview with a Wisconsin reporter, saying an overhaul of the corporate tax code would more effectively keep companies in the United States than tax penalties. "I think we can get at the goal here," he said, "which is to keep American businesses American, build things in America and sell them overseas -- that can be properly addressed with comprehensive tax reform." [...]

The response from Republican leaders underscored the limits of legislating 140 characters at a time on Twitter, and gave Democrats cause to believe they can work with Mr. Trump to outmaneuver congressional Republicans next year.

Posted by at December 6, 2016 5:17 PM

  

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