Important point … Congress needs to pass, into law!
Reposted from
Carl Quintanilla
JPM DESK: You may have “heard the argument that [tariffs] are permanent to create revenue to pass the tax cuts. .. if the GOP use Reconciliation, then the tariff revenue cannot be used as an offset unless the tariffs are codified into law. .. I do not think there are votes to pass a tariff law.”
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