Trump Set to Whack US Working Class With Historic $2,000 Tax Hike | Common Dreams
www.commondreams.org
There is an old saying in Washington that if you want to understand politicians, look at what they do, not what they say. On that front there is no ambiguity. The Republican president is imposing big new taxes, and he is doing it in a way that does not require congressional approval.

Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump’s tariffs lack a clear industrial strategy and primarily burden American consumers.

  • Bwoj@lemmy.world
    201·
    18 hours ago

    You’re saying a tariff doesn’t count as a tax because it gets hidden in the final price of goods?

    Maybe corporate America will tack on a “tariff fee” like those bs restaurant service fees to tell consumers it’s not their fault.

    • glimse@lemmy.world
      34·
      18 hours ago

      I’m saying people are going to look for this tax increase they heard about and not find it on their paycheck.

      Feel free to tell me the downside of being accurate here.

      • Bwoj@lemmy.world
        10·
        18 hours ago

        It would be accurate to call a tariff what it is: a tax. Maybe the downside is ostrich-heads won’t be able to bury their heads in the sand and pretend it’s not a tax.

        People are very used to paying taxes that don’t show up on their pay statement. Things like sales tax, property tax.