Progressives See the Regressive Nature of Tariffs, but Not Business Taxes
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Alex Brill.
Kevin Price visited with Alex Brill from the American Enterprise Institute (AEI.org).
Tariffs and business taxes often land on the same people: consumers and workers. As we discussed with economist Alex Brill of the American Enterprise Institute, Democrats frequently emphasize—correctly—that tariffs are paid domestically through higher prices. The same pricing logic applies to taxes on businesses. Firms face these costs as part of operating expenses and typically pass portions on through higher prices, reduced investment, or slower wage growth. That burden is regressive because price increases hit lower- and middle-income households hardest, and weakened investment can dampen productivity and earnings over time.
According to the American Enterprise Institute, “Alex Brill is a resident fellow at the American Enterprise Institute (AEI), where he studies the impact of tax policy on the US economy as well as the fiscal, economic, and political consequences of tax, budget, health care, retirement security, and trade policies. He is the editor of Carbon Tax Policy: A Conservative Dialogue on Pro-Growth Opportunities. Before joining AEI, Brill served as the policy director and chief economist of the House Ways and Means Committee. Previously, he served on the staff of the White House Council of Economic Advisers. He has served on the staff of the President’s Fiscal Commission (Simpson-Bowles) and the Republican Platform Committee (2008). He is also the founder and CEO of the economic consulting firm Matrix Global Advisors (MGA). Brill has an MA in mathematical finance from Boston University and a BA in economics from Tufts University.”
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