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Stock impact report

How Much Will Trump's Tariffs Cost? (opinion) [Yahoo! Finance]

Columbia Sportswear Company (COLM) 
Last columbia sportswear company earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.columbia.com
Company Research Source: Yahoo! Finance
Trump's transition team has reportedly had discussions with Rep. Jason Smith (R–Mo.), chairman of the House Ways and Means Committee, about including tariffs in a major tax package that Congress will be working on next year—due to the scheduled expiration of some of the 2017 tax cuts Politico reports that those discussions are centered around using tariffs as offsets for other tax cuts that Republicans would like to pass, though it is unclear if the House's rules allow for that trade-off to be made. But, hey, at least it's an acknowledgement that tariffs are taxes! Finding ways to raise revenue that could offset the extension of the 2017 tax cuts is not just prudent fiscal policy when the federal government is running deficits of near $2 trillion annually . It's also probably necessary if Republicans want to pass any major tax bill through the Senate without needing 60 votes—thanks to the specifics of the reconciliation process , which allows some issues to by-pass the filibuster Show less Read more
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