Skip to content

Mexico Agrees To Pay For The Wall

February 21, 2017

Yet Another Win by President Trump!

Source.

Mark this day down in your history books. At just after 6:30 AM Eastern, President Donald Trump finalized the beginnings of a deal that will see a 30 foot tall by 3 foot wide solid concrete wall along the entirety of the border between Mexico and the United States. Once the deal is signed, the wall’s construction will begin and should be completed within 2 years.

Trump made it happen not by appealing to Mexico’s government but to its economy. In an early morning meeting at Mar-a-Lago, 4 Mexican industrialists agreed to split the cost of the wall between them, meaning that Trump was right all along: The Mexicans will pay for the wall. According to the White House Information and Propaganda Office:

In return for for some industrial leverage and a guarantee against additional tarrifs against their businesses, four top-ranked Mexican companies, El Nortonia, La Dima del Vintere, Montenegro and Dos Equis ITL will split the cost of the US-Mexico border wall equally. Each company will provide $7.3 billion to the US Treasury general fund before the beginning of the third quarter of 2107.

So with his keen negotiating skills, Trump has secured that nearly $30 billion needed to build a magnificent wall that will be the grandest the world has ever seen. Democrats are already flipping out, calling the deal a travesty for the “undocumented workers of America” and complaining about how the companies may be unfairly compensated.

According to the budget office, the companies won’t be compensated by the US at all. Their products will receive lower tax rates and zero tariffs to come into the country and their outstanding tax bills, which is a combined $32 billion, will be excused. The president has promised that the tax write-offs will offset themselves in revenue increases once the wall is built.

In addition, the companies in question will have the opportunity to hire 80 percent of the labor force to build the wall. The other 20 percent will be comprised of American citizens in mostly managerial and engineering roles. Camps for the wall workers will be set up on the Mexican side of the border so there won’t be the technical issue of paying undocumented Mexican laborers for work on American soil.

It’s a win-win. The Mexicans will pay for the wall and even provide the labor to build it. How could it possibly get any better than that?

LINK

From → World Watch

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: