What’s the New Tax Plan About?
🌟 President Trump has introduced a new plan called the External Revenue Service. This new department is supposed to collect taxes and tariffs from other countries to bring more money into the United States.
Why Are People Concerned? 🤔
Some people think this plan might actually make things more expensive for Americans. Instead of helping, it could mean that families and businesses have to pay more for the things they buy.
What Do Experts Say?
Heather Long, a writer for The Washington Post, said, “This might sound clever, but in the end, American shoppers could end up paying higher prices.” 🛍️
Another expert, Richard Mojica, a lawyer who knows a lot about customs (that’s how countries manage goods coming in and out), said the new plan is confusing. He wonders how the government will collect taxes from companies in other countries. 🌐
What’s the Impact on Families?
If the prices of imported goods go up because of new taxes, everyday items like toys, clothes, or electronics could cost more. That means families might have to spend more money on the same things they buy now. 💸
How Are Other Countries Reacting?
Canada’s leader, Justin Trudeau, said that if the U.S. puts new taxes on Canadian products, Canada will have to respond. He said, “We will defend Canada, our workers, our businesses, our economy, and our sovereignty.” 🇨🇦
What Does This Mean for You?
It’s important to pay attention to these changes because they can affect the prices of things you use every day. Staying informed helps you understand what’s happening in our country and around the world! 🌍
What do you think about the new tax plan? Share your thoughts! 😊
Reference(s):
cgtn.com
