Tariffs threaten nearly 40% of the total long-run impact of the Tax Cuts and Jobs Act: https://tax.foundation/2YgPCuC @ericadyorkpic.twitter.com/nE5LEV4Tku
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Tariffs threaten nearly 40% of the total long-run impact of the Tax Cuts and Jobs Act: https://tax.foundation/2YgPCuC @ericadyorkpic.twitter.com/nE5LEV4Tku
When countries erect trade barriers like tariffs, consumers pay more for goods than they otherwise would have, businesses face higher costs than they otherwise would have, and on net, output and employment fall.
Thanks @GOP
Increasing tariffs increase taxes. But increasing taxes have had a minor effect on prices to consumers, as countries take countermeasures, including currency manipulation. This analysis, of course, COMPLETELY IGNORES the rationale for the tariffs: altering supply chains.
It's always interesting for Putin to weigh in on Trump's abuse of power.pic.twitter.com/DmhbqAQ2Ee
LOL!!!
All the while still adding to the debt.
It almost takes skill to be this bad at every single thing a person tries...
Of course, these taxes are imposed on middle class Americans, while the ultra rich, like Trump and his billionaire backers, got a massive tax cut from the GOP tax bill. Republicans are only interested in protecting the wealthy at the expense of the average American.
Yeah, but those tax increases aren't felt by the wealthiest with their massive Trump tax cuts. Mission accomplished.
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