Franklin Matters: tariff

Showing posts with label tariff. Show all posts

Sunday, September 7, 2025

Jack Lank talks about making connections, small business issues, and the split vs. single tax rate (audio)

FM #1508 = This is the Franklin Matters radio show, number 1508 in the series.

This session shares my conversation with Jack Lank, Executive Director for the United Regional Chamber of Commerce. We had our conversation in the Franklin TV & Radio studio on Tuesday, September 2, 2025

Our conversation covers Jack’s role in fostering connections amongst business and government to meet the needs of the 16 communities the organization covers. We touch on the split tax vs single rate property tax, the tariffs situation and business disruption it brings given all the legal uncertainty around them.

The recording runs about 46 minutes, so let’s listen in. Audio link -> https://franklin-ma-matters.captivate.fm/episode/fm-1508-jack-lank-chamber-small-business-connections-09-02-25/

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United Regional Chamber of Commerce page -> https://unitedregionalchamber.org/

On Facebook main page -> https://www.facebook.com/UnitedRegional/

Ribbon Cutting at BFT in Franklin Village on
Friday hosted by United Regional Chamber of Commerce

On Facebook “Rally Around the Restaurants” -> https://www.facebook.com/profile.php?id=100057116753301

Original post in 2007

https://www.franklinmatters.org/2007/12/20-reasons-to-not-implement-dual-tax.html

Updated post in 2010

https://www.franklinmatters.org/2010/12/split-tax-vs-single-tax-rate.html

Updated post in 2021

https://www.franklinmatters.org/2021/11/20-reasons-to-not-implement-dual-tax.html

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The music for the intro and exit was provided by Michael Clark and the group "East of Shirley". The piece is titled "Ernesto, manana" c. Michael Clark & Tintype Tunes, 2008 and used with their permission.

I hope you enjoy!

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Wednesday, February 12, 2025

USAFacts: What are tariffs and how do they work?

The US collected $77 billion in tariffs in 2024, making up 1.6% of federal revenue. Tariffs haven’t comprised more than 2.0% of total annual revenue since the 1960s.
Congress holds constitutional authority over tariffs but has delegated much of it to the president through legislation. Customs and Border Protection enforces tariff collections based on the type of goods, quantity, and country they come from.
USAFacts: What are tariffs and how do they work?
As of October 2024, the average tariff rate for bringing goods into the US is 3.4%. However, it varies based on the product, cost, quantity, and relationship with the exporting country.
The US follows World Trade Organization rules that standardize tariffs across member nations, but 14 free trade agreements and special exceptions allow for lower rates with specific partners.
When the US raises tariffs, US companies importing international goods pay those tariffs. This can indirectly raise prices for American consumers.