Trump Loves Collecting Taxes: Tariffs Equate To Largest Tax Increase Since 1993
Trump says he loves collecting tariffs. What he really means is he loves to collect taxes.
Trump Loves Big Taxes
If you love big tariffs, you love big taxes, because that's what tariffs are.
'The $72 billion in revenue from all the president’s tariffs ranks as the largest tax increase as a percent of GDP since 1993.' https://t.co/NtGyaUoptq
— Jesse Felder (@jessefelder) May 17, 2019
Admitting the Obvious
Even Kudlow Admits the Obvious: Trump is Wrong
Tax Cut - Tax Hike Difference
- Trump's tax cuts went almost entirely to the wealthy.
- Trump's tax hikes went to all consumers via higher prices.
Currency War
Meanwhile, Trump Asks the Fed Start a Currency War With China
And to top it off, consider the Fed's lie of the day: "Low Inflation is One of the Major Challenges of Our Time"
Yet, economists cannot figure out why the middle class is shrinking.
Go figure.
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