The Tariff-Expensing Fallacy: Why Full Expensing Cannot Offset Protectionist Costs
In a recent contribution to The Wall Street Journal, former White House Council of Economic Advisers chair Stephen Miran presented an intriguing, albeit mathematically flawed, defense of the Trump administration’s trade policy. Miran argued that the administration’s aggressive tariff regime is not merely a protectionist tool but a functional improvement to the U.S. tax landscape….
