Trump administration proposes 20% import tax to build wall

White House Press Secretary Sean Spicer yesterday mentioned to reporters one possible way to fund President Donald Trump's plan for a Mexican border wall.

The suggestion is a 20 percent import tax on Mexican goods.

"If you tax that $50 billion at 20 percent of imports ñ which is by the way a practice that 160 other countries do ñ right now our country's policy is to tax exports and let imports flow freely in, which is ridiculous," he said. "By doing it that we can do $10 billion a year and easily pay for the wall just through that mechanism alone. That's really going to provide the funding."

Senate Majority Leader Mitch McConnell yesterday estimated the cost of the wall at $12 billion to $15 billion.

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