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Fred Feldkamp's avatar

In re: The USSC Tariff Ruling

The only parts of the 170 page USSC ruling that are accepted by the majority (6-3) are (1) the first 6 pages and the carryover conclusion on page 7, (2) pages 14-19 and the carryover conclusion on page 20 and (3) the page 21 conclusion that (a) Federal Circuit case No. 25-250 is affirmed (the appeal from the Court of International Trade) and (b) the DC District Court lacked jurisdiction.

My conclusion, therefore, is that the USSC IS SAYING THAT THE CIT RULING IS CORRECT BECAUSE NO PRESIDENT HAS THE POWER TO UNILATERALLY IMPOSE TAXES IN PEACETIME.

By the time Trump’s ruse that a current account deficit creates an emergency (a literal IMPOSSIBILITY) allowing a 15% tariff is ruled unlawful, the sole contribution of that action will be to further demonstrate the fundamental flaw of all tariffs: ONLY “taxes on incomes, from whatever source derived” provides sustainable support for U.S. revenues and debts.

In short, the entirety of Trump’s trade policy is without demonstrable merit by law, by economics reflected in mandatory accounting rules and by logic.

Pete Wilton's avatar

Maybe he’ll explain why the US government and our tax dollars should fund the Board of Peace and what qualifications he brings to the table that justify making him the head of the organization for the rest of his life

Imagine if Obama used $10 billion of our tax dollars to set up an organization in which he put himself in charge for life

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