Trump Mexico tax plan would hurt Texas
Marty Schladen, El Paso Times
Published 11:04 p.m. ET Jan. 26, 2017
AUSTIN — Texas lawmakers are warning of the damage President Trump's proposal for a 20% tax on imports from Mexico would do to the Lone Star State.
On Thursday, Trump spokesman Sean Spicer said the president would make Mexico pay for a border wall through the tax. Trump’s aides later walked that back a bit, saying the tax was just an option. But it caused deep alarm among economists, business leaders and some elected officials on both sides of the aisle.
“It’s going to hurt U.S. industrial performance rather than help it,” said Tom Fullerton, an economist at the University of Texas at El Paso. “It’s going to increase unemployment rather than reduce it” ...
http://www.usatoday.com/story/news/nation-now/2017/01/26/lawmakers-trump-mexico-tax-plan-would-hurt-texas/97120400/
