Trump Raises Taxes on Middle Class
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Last year Donald Trump cut taxes on corporations and the rich by about $2 trillion over the next ten years. But what about us ordinary schmoes? For us he’s levied the following taxes:
25 percent tariff on steel imports
10 percent tariff on aluminum imports
25 percent tariff on $50 billion in imports from China
By my calculation, this comes to about $250 billion over ten years, something that Republicans have grumbled about slightly but done nothing to stop. And make no mistake: this is basically a sales tax that will ultimately be paid by consumers. So there you have it: a $2 trillion cut cut for the rich and a $250 billion tax hike for the middle class—so far. Welcome to the Republican Party’s vision for America.
https://www.motherjones.com/kevin-drum/2018/06/donald-trump-has-raised-t...
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OK but the tariffs are
OK but the tariffs are different. Tariffs are taxes that get passed on to consumers. So if you buy anything with Steel or Aluminum in it the price will go up. It's a tax increase on all of us that mostly impacts the middle class.
This is something that Republicans used to howl about, but now that they are the party of Trump it is a good thing. Makes you wonder if they actually believe anything they say.
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Increase taxes without a vote
Increase taxes without a vote. Sounds like something the Tea Party would be up in arms about. Oh, wait, they're all Trumpkins now.