Schumer on Trump’s new tariffs: A ‘huge tax on American families’ to ‘help billionaires get a tax cut’

State Rundown 4/3: Amidst Tariff Uncertainty, State Lawmakers Talk Taxes

While all eyes are on the Trump administration’s tariffs on foreign imports, state lawmakers are moving forward with a mix of deep, regressive tax cuts and progressive revenue raisers. For instance, Mississippi Gov. Tate Reeves has signed a top-heavy tax cut that will ultimately eliminate the state’s individual income tax. Georgia lawmakers have passed legislation that would accelerate cuts to the state’s individual income tax. And Missouri lawm…

Schumer on Trump’s new tariffs: A ‘huge tax on American families’ to ‘help billionaires get a tax cut’

Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American families, all — all — to help billionaires get a tax cut,” Schumer said at the Capitol on Wednesday, suggesting the tariffs announced are…

New Analysis Shows Trump’s Tariffs Could Shrink Disposable Income for Millions

President Trump’s proposed tariffs on imports could take a serious toll on low-income Americans, who are already struggling with rising prices, a new analysis from the Yale Budget Lab suggests. The study, which was cited in an Axios report, found that the financial strain of ta

If additional tariffs are imposed on American-made goods, Coop supermarkets will mark them so that they stand out.

President Trump’s announcement of sweeping universal and so-called reciprocal tariffs on countries around the world sparked a quick reprimand on Wednesday by business groups, business experts, democratic legislators and many economists who warned that prices would rise for American consumers and slow economic growth. “This is catastrophic for American families,” said Matt Priest, president and executive director of America’s shoe distributors an…

Schumer on Trump's new tariffs: A 'huge tax on American families' to 'help billionaires get a tax cut'

Senate Minority Leader Chuck Schumer (D-N.Y.) on Wednesday slammed President Trump’s sweeping new tariffs, calling them a “huge tax” on the average American family. “This is a huge tax on American families, all — all — to help billionaires get a tax cut,” Schumer said at the Capitol on Wednesday, suggesting the tariffs announced are intended to generate revenue to supplement the cost of extending the 2017 tax cuts. Trump announced a baseline 10 …