Trump’s wall could cost an estimated $120 per US household

If U.S. taxpayers front the Trump administration’s border wall, the average household could owe $120.

The U.S.-Mexico border barrier that President Donald Trump pushed forward with this week could cost a projected $15 billion, according to Senate Majority Leader Mitch McConnell. That would be around $120 per household, based on the latest Census date of U.S. households, according to the nonpartisan Committee for a Responsible Federal Budget.

The White House on Thursday floated a 20 percent border tax as a possible method to pay for the wall. Still, that could also pass costs along to consumers, as some goods would become more expensive.

White House spokesman Sean Spicer said the plan could bring offsetting “dynamic” benefits. He said consumers are “paying for the flood of illegal immigration coming in and the cost to U.S. workers from that” and “increased costs to secure the border and border agents.”

Trump vowed earlier this week to make good on one of his biggest campaign promises to build a wall to seize control of the border to stop illegal crossings and drug smuggling. He continues to insist that Mexico will pay for the wall.

Trump said construction would begin as soon as possible using government funds.

Lawmakers were generally enthusiastic to see Trump take quick action on immigration, oil pipelines and other issues via executive order, even though they criticized Barack Obama for overusing such administrative tools when he was president. This time, Republican lawmakers justify it by saying Trump, in many cases, is undoing what Obama did.

source:http://hosted.ap.org,http://www.cnbc.com

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