The resolution of the bipartite Senate would repeal Trump’s prices in the middle of his world trade war: “enough”
A bipartite group of senators presents a resolution to repeal the world prices of President Donald Trump, after the administration ignited a trade war with countries of the world.
Sense. Rand Paul, r-ky., And Ron Wyden, d-ear., Ages the resolution, which was also signed by the head of the Senate minority, Chuck Schumer, Dn.y., and Sens. Tim Kaine, D-Vt., Jeanne Shaheen, D-Mass.
“The prices are taxes and the tax of taxation belongs to the congress – not the president,” said Paul in a statement. “Our founders were clear: fiscal policy should never rest in the hands of a person. Abuse emergency powers to impose general prices not only increases costs for American families, but also tranthes for the Constitution. It is time for Congress to reaffirm its authority and restore the balance of powers.”
Paul was a firm critic of the prices during his mandate and has always opposed the use of emergency declarations to bypass the congress.
The measure will be dealt with as a privileged resolution which must receive a vote on the Senate soil, according to a press release. If it is approved, the resolution would cancel the urgency that Trump declared in an executive order to impose prices of up to 49% on the goods that the Americans buy which are produced by other countries.
After the announcement of Trump’s tariff, the markets have passed, the manufacturers dismissed thousands of workers and foreign countries responded by imposing reprisals on agricultural and manufactured American products.
“Trump leads our economy to a recession, killing jobs and destroying the retirement funds for the elderly when we speak,” said Wyden. “Enough, it is enough. No president should have the power to tax everything that the Americans buy without being responsible before the Congress. Unless the Republicans join the Democrats and resume the power of the Congress on Trade Policy, damages could take years to reverse.”
This is an extract from an article by Fox Business’ Landon Mion
