No. of Recommendations: 11
LurkerMom: Long gone are the glory days of RFK when the democrats stood for something and cared about working class Americans.
Umm.
Let's say Mad King Donald stays firm on a 15% tariff rate across the board on all imports and let's say that once exemptions are deducted (based on previous trade agreements and such), American consumers and businesses will end up paying a 15% tax on about $3 Trillion of imports... or a tax hike of about $450 Billion.
In total, all American businesses together paid about $525 Billion of corporate income taxes to the US government.
For Japan specifically, Boeing gets a sweetheart deal and American rice producers get a little something something. And an LNG pipeline project gets a some cash, too.
But here's the bottomline: American consumers will pay about 15% more for cameras, phones, appliances, electronics, and a wide range of other consumer goods, so tell us, please, how paying higher taxes by paying more for those goods helps "working Americans."
Sorry, that just doesn't sound like "winning."
In other new, June housing sales just hit a 10-month low, beef prices hit a record high, Hershey announced it's raising candy prices by double-digits, and I'm still paying over $3.00 for a gallon of gas.
And Trump is still a pedophile.
