Border Tax Will Build a Wall Around Consumers

Border Tax Will Build a Wall Around Consumers

A little news item earlier this year generated a collective gasp across the Internet when it was reported that more than half of all Americans can't afford to write a $500 check in the event of an emergency. This statistic on the woeful state of our national savings (and earnings) comes courtesy of Bankrate, who surveyed 1,000 Americans to find that 57 percent would be stretched to the limit if forced to empty their bank accounts and turn over sofa cushions to muster five portraits of Ben Franklin.

It's troubling enough that most Americans are one auto deductible away from having less money to their name than a person passing through Ellis Island in 1920. And yet it is upon this foundation of economic quicksand that House GOP leaders are now trying to build a tax-reform agenda that will hit consumers right in their empty wallets.

Read Full Article »
Comment
Show commentsHide Comments

Related Articles