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No More IRS? - Tariffs Could Replace Taxes? Not Everybody is Happy
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Costco is in the headlines, and they’re NOT happy! In today’s video, I dive into Costco’s lawsuit over millions of dollars lost due to tariffs imposed under the War Powers Act of 1977. They’re taking this fight to the Court of International Trade, demanding a refund for tariffs paid to countries like China, Mexico, and Canada. But what does this mean for businesses, consumers, and even government policies? Let’s explore the impact on prices, taxes, and whether tariffs could actually replace the IRS (imagine that!).
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