deanrd
Gold Member
- May 8, 2017
- 29,411
- 3,650
- 290
- Banned
- #1
Trump's new tariff threat could make iPhones, toys and shoes more expensive - CNN
Trump has repeatedly claimed that China pays the tariffs. And while some Chinese companies may choose to eat some of the cost in order to remain competitive in the US market, several recent research papers show that American consumers and producers take on most of the burden.
..........
Let’s quit calling them tariffs, call them what they are, taxes.
.....
Trump economists quit en masse after reports showing farmers hurt by tariffs
The reports shone a light on how Trump’s tariffs have led to a decline in farm income, which the economists noted has already fallen by 50 percent since 2013. Another report showed that Republican tax cuts only benefited the wealthiest farmers.
.......
I thought Republicans hated taxes? Only the wealthy escape. Only the wealthy.
Trump has repeatedly claimed that China pays the tariffs. And while some Chinese companies may choose to eat some of the cost in order to remain competitive in the US market, several recent research papers show that American consumers and producers take on most of the burden.
..........
Let’s quit calling them tariffs, call them what they are, taxes.
.....
Trump economists quit en masse after reports showing farmers hurt by tariffs
The reports shone a light on how Trump’s tariffs have led to a decline in farm income, which the economists noted has already fallen by 50 percent since 2013. Another report showed that Republican tax cuts only benefited the wealthiest farmers.
.......
I thought Republicans hated taxes? Only the wealthy escape. Only the wealthy.