| petite6 |
|
| Jokers Wild |
|
| Reged: 08/14/06 |
| Posts: 186303 |
|
|
|
 Days After Giving Big Tax Cuts to Billionaires, Trump to Hit Workers with $2 Trillion Tax Increase
07/07/25 03:38 PM
|
|
|
|
|
Donald Trump seems to be doing everything possible to show his contempt for ordinary working people, many of whom voted for him last fall. Just after signing his big bill, which gave massive tax breaks to the rich while taking away health care insurance for 12 to 17 million people, Trump announced that he will hit workers with one of the largest tax increases ever.
The tax increases take the form of the import taxes, or tariffs, that Trump plans to impose on the goods that we import from the rest of the world. While we won’t know the actual size of these taxes until Trump sends us his letters, based on what he has said to date, it will almost certainly be several trillion dollars if they are left in place over a decade. Taking a low-end figure of $2 trillion, that would come to $16,000 per household over the next decade.
To be clear, Trump insists that other countries will pay the tariff, but there is no reason for anyone to care about whatever idiocy comes out of Trump’s mouth. Trump said that there are 20 million people, with reported birthdays putting them over 115, getting Social Security (The number of dead people getting checks is in the low thousands.).
He said China doesn’t have any wind power; it leads the world in wind power. And Trump said global warming isn’t happening and slashed the budget for monitoring weather. Now 70 people are dead in Texas from floods for which they and state officials were not adequately warned.
The dead people in Texas, their families, and the rest of the country don’t have time for Donald Trump’s make-believe world. It doesn’t matter that Trump says other countries will pay the tariffs. Who knows what Trump actually believes, but in reality-land we pay the tariffs.
https://cepr.net/publications/trump-to-hit-workers-with-2-trillion-tax-increase/
|
|
|
|
|
|
