01-01-2017, 08:08 AM
Donald Trump will be blamed for this because it will happen on his watch, because that is how these things go. By itself it is nothing, but if it is followed by the beginning of a recession (that will have nothing to do with it) then it might be seen as a bigger issue.
If Trump were smart he would use this as an example of the job-destroying policies of his predecessors and push for eliminating the exemption from sales taxes online retailers get. The kingpin of these is Amazon. CEO of Amazon is Jeff Bezos with whom Trump is at war. What better way to stick it to Bezos--as candidate Trump vowed to do? This could be a wonderful policy politically, why should online retailers get special tax treatment that destroys local retail jobs?
If Trump were smart he would use this as an example of the job-destroying policies of his predecessors and push for eliminating the exemption from sales taxes online retailers get. The kingpin of these is Amazon. CEO of Amazon is Jeff Bezos with whom Trump is at war. What better way to stick it to Bezos--as candidate Trump vowed to do? This could be a wonderful policy politically, why should online retailers get special tax treatment that destroys local retail jobs?