Erosion Of American Opportunity

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Erosion Of American Opportunity

The tax break that Trump is giving to the wealthy will be partially funded by the tariffs he imposes on imported goods. Essentially, the poor and the middle class—or what remains of it—will face a tax increase. Some may argue that the 1% will also pay the same import tax through tariffs, but this overlooks the fact that the wealthy have significantly higher incomes and disposable wealth. Tax breaks and other advantages leave them far less impact…