Americans Should Get Tax Cuts as Relief from Impact of Trade War, Rick Scott Says
Americans should receive tax cuts from money raised through tariffs on Chinese imports, Florida Senator Rick Scott said on Monday.
Scott, a Republican, repeatedly referred to China as an "adversary" while speaking with CNBC's Squawk Box and even said that President Donald Trump should not back off his trade war if its impacts push the U.S. into a recession prior to the 2020 election.
"They're our political adversary, economic adversary, military adversary. So we've got to do everything we can to take care of ourselves and see if we can get them to change. But right now I don't see how we'll get a deal done with them. We've got to help American companies to do everything we can to buy American products, so we get more American jobs and stop helping China and stop acting like they're a partner," Scott said.
"Clearly we're going to have some short-term pain. But we've got to stop China from stealing our technology. They've got to open up their markets. They've got to start being a partner. They're not a partner. So I think anything we raise in tariffs, we ought to give back to the rank and public in tax reductions so it doesn't impact American families. We've got to help American farmers open up more markets around the world," he continued.
13th August 2019