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The Cost to Taxpayers From Trump’s Tariffs Is Bigger Than the Savings From His Income Tax Cuts
UNITED STATES, AUG 8 – Tariffs ranging from 15% to 50% raise import costs, causing some companies to cut profits and others to increase prices, with Procter & Gamble expecting a $1 billion loss.
3 Articles
3 Articles
The Cost to Taxpayers from Trump’s Tariffs Is Bigger Than the Savings from His Income Tax Cuts
A New York Times article recently speculated that the money flowing into federal government coffers from President Donald Trump’s tariffs amounts to “such a substantial stream of revenue” that it “could end up being hard to quit.” But Democrats should find it easy to argue that they would gladly end what is a regressive tax increase that vastly outweighs the amount of Trump’s tax cuts. CNN tabulated that under Trump’s tariff regime, “since Apri…
Mike Pence Says US Companies and Consumers Paying the Cost of Trump’s Tariffs - Clarion India
WASHINGTON — Former US Vice President Mike Pence, in a scathing attack against President Donald Trump’s trade policy, said on Thursday that American companies and consumers are paying the cost of US tariffs. Pence took to X to highlight that the cost of production of US companies like auto giant Ford has shot up following the increase in tariffs on inputs. US consumers are also ending up paying higher prices for goods due to the tariffs levied b…
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