The Victor Armendariz Show | August 22 | Why Tariffs Are Hurting America and How to Fix the Economy

Victor Armendariz breaks down why he believes tariffs are hurting the economy and argues that America should embrace free trade, pointing to Argentina’s economic growth after removing tariffs. He also explains why he believes replacing the federal income tax with a consumption-based Fair Tax could unleash American manufacturing, investment and economic growth. Victor then tackles the national debt, the federal deficit and the argument for higher taxes on wealthy Americans. He explains why he believes raising taxes discourages investment and production, while lower taxes can increase economic activity and government revenue. He also points listeners toward the Laffer Curve, supply and demand, and Atlas Shrugged as examples of the economic principles behind his argument. Finally, he argues that Republicans need to offer a more positive vision for America built around capitalism, freedom and limited government. He says President Donald Trump could have a strong final two years by getting rid of tariffs and resolving the conflict in Iran, while urging Americans to remain optimistic about the country's future and protect freedom, liberty and the capitalist system for the next generation.See omnystudio.com/listener for privacy information.