Monday, September 5, 2022

Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs - JOE BIDEN SAYS HUNTER AND THE 'BIG GUY' GOT TO THINK ABOUT RED CHINA FIRST!

New Hunter Biden revelation undermines president's comments: Turley

https://www.youtube.com/watch?v=GCk4RlPkFSQ

Bidens of all sorts are under federal investigation for tax evasion, money-laundering, and unregistered agent foreign ties, as this Politico report citing Hunter notes.

 

Unlike Fredo, Hunter would be shielded from the consequences of his destructive acts. So would the Biden family. After the computer repairman turned over the abandoned hard drive to the FBI (and then to Rudy Giuliani, who passed it to the New York Post), the legacy press and social media companies mounted an all-out suppression campaign against the Post‘s reporting, ensuring that the story was snuffed out before the election.

 

Jesse Watters: The Biden family business

 

https://www.youtube.com/watch?v=NjCflVde7Gs

 

Joe Biden collects $400,000 a year in salary as president.  According to the New York Post, Biden and his family have collected $31 million from China.  Jesus said we cannot serve two masters.  If Biden has collected $31 million from China, that raises the question: what do the Chinese want in return?  Does that $31 million make China his biggest concern?  Could it be that his primary job is serving the interests of China, while his role as president is a moonlighting gig?

Hunter Biden is currently under federal investigation by Joe Biden’s Justice Department for tax fraud, money laundering, and violation of lobbying laws, the New York Times reported. Hunter has reportedly been trying to settle the case out of court, paying $1 million to the IRS to evade conviction or a possibly long sentence.

Study: U.S. Tariffs on All Foreign Imports Would Create 10M American Jobs

Employees work on the assembly line at the Dakkota Integrated Systems manufacturing facility in Detroit, Michigan, U.S., on Thursday, May 5, 2022. Dakkota Integrated Systems is a Native American, Woman-Owned Company that manufactures Instrument Panels For Stellantis Jeep Assembly Plants. Photographer: Jeff Kowalsky/Bloomberg
Jeff Kowalsky/Bloomberg
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Imposing United States tariffs on nearly all foreign imports would create about 10 million American jobs while boosting domestic output by nearly 20 percent, a new study finds.

The study, conducted by the Coalition for a Prosperous America (CPA), reveals that increasing U.S. tariffs by 15 percent for all imported products and by 35 percent on products in vital supply chains would create about 10 million American jobs and generate over $600 billion in new revenue.

About three million of those 10 million new jobs would be at American manufacturing plants which would then support about 6.9 million new service industry jobs. Prior research has shown that every one durable manufacturing job supports 7.4 new jobs in the service industry.

Overall domestic output, according to CPA researchers, would jump 19 percent with tariffs across the board, with a 52 percent increase in output from the electrical industry, a 54 percent increase in output from the textiles and clothing industry, and a 30 percent increase in output in chemical manufacturing.

Tariffs on all foreign imports also translate to tax cuts for Americans.

As tariff revenue would increase to nearly $700 billion annually, lawmakers would be able to hugely cut income taxes for working- and middle-class Americans without sacrificing public services.

“…[T]he federal government could abolish corporate taxation outright or cut personal income taxes by 25 percent,” CPA researchers write. “In our simulation, we turn the $603 billion gain in tax revenue into household and business income to avoid the deflationary effect of the government absorbing more funds.”

U.S. free trade policies have resulted in decades of job cuts, stagnant wages, and a collapse of heartland American communities.

From 2001 to 2018, U.S. free trade with China has eliminated 3.7 million American jobs from the economy — 2.8 million of which were lost in American manufacturing. During that same period, at least 50,000 American manufacturing plants closed down.

A closed factory is shown in downtown East Liverpool, Ohio, on October 24, 2016 . (Photo by Spencer Platt/Getty Images)

This happened despite free trade advocates’ claims that NAFTA would create a million American jobs. Instead, the free trade deal helped eliminate at least five million manufacturing jobs from the U.S. economy while driving down wages.

KORUS, the free trade deal that the U.S. entered with South Korea, helped eliminate at least 95,000 American jobs from 2011 to 2015 as trade deficits skyrocketed.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.

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