Harris calls tariffs on imports a national sales tax, but call taxing US corporations "inflation reduction"

[Burgermeister]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

 

[Darkwind]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

It is how they twist the language. They can come down on every side of any issue and make you think your crazy if you question them.


IT is what they do. They -- DCCC -- sit behind closed doors and play with the language, run focus group testing of language metrics to see what is the most effective.

It works. Just look at the marketing of anything in America. They know how to push your buttons and make you jump through hoops.

 

[SweetTea]

It is how they twist the language. They can come down on every side of any issue and make you think your crazy if you question them.


IT is what they do. They -- DCCC -- sit behind closed doors and play with the language, run focus group testing of language metrics to see what is the most effective.

It works. Just look at the marketing of anything in America. They know how to push your buttons and make you jump through hoops.

Yes, the prey on ignorant people.

We are supposed to believe that tariffs are passed on to the consumer but higher corporate taxes are not. Both are, but one ends up benefitting the US in the long rung and the other encourages US based corporations to make their goods overseas and import them rather than to pay exorbitant corporate tax(and labor) rates relative to the US. The bottom line is that those that support higher corporate taxes over tariffs favor cheaper goods made in other countries over US made goods that are higher due to higher labor cost, which ironically, the same side proposes to support. These people are economically illiterate. I don’t care how many PhDs some of them have by their names. They are putting their political ideologies over common sense.

Other examples are the child “tax credit” and the “forgivable loans” Harris proposes for 1 million black people that want to start a business. The child “tax credit” is simply welfare for those that don’t pay any federal income tax because they get a check for each child, not a credit on their tax bill. They don’t have a tax bill. And what the heck is a forgivable loan? If you don’t have to pay it back, it isn’t a loan in the first place.

If the majority of Americans are dumb enough to fall for this rhetoric, then we, as a nation, will get what we deserve.

 

[wamose]

Harris is confused. Econ 101 is way over her clueless ability to comprehend. She just reads what someone else writes in the teleprompter, without knowing the first thing about what it means. Democrats seem to have developed a constituency that will devour anything they say, basically making them shallow, unintelligent lemmings. Back to MAGA

 

[DGS49]

I have to give Harris and her minions a tiny bit of credit on this. For the past month they have been screeching that Trump wants to impose a national sales tax, which was a total lie. Now at least she has changed the wording to state that he wants to impose tariffs that would be like a national sales tax.

This is also false, but somewhat closer to the truth, so I have to pat her and her campaign staff on the back.

The reason why it is false is because it presumes that the consumers of the impacted products will continue doing the same thing they have been doing - buying from "China" at the higher prices - rather than reacting to the changed conditions and seeking out a domestic source at a lower price. But one doesn't expect coherent knowledge of economics from the Left.

 

[SassyIrishLass]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

The only ones listening to that one are ill informed sheep

 

[1srelluc]

All the evil dems whant to do is steal from the producers of the country to fund the grift to the most undeserving....Including themselves.

If you just remember that much you would never vote for a dem again.....Provied you are sane.

 

[Care4all]

Did all the Corporations who got the biggest corporate tax cut in recent history under Trump, of a 40% reduction in their tax rates, pass on their tax savings to us, by reducing prices on all goods that we buy?

The answer is, NO PRICES OF GOODS were reduced on the shelves.

So why are you saying tax rates affect the prices of goods on us? Or are you saying the greedy corporations keep the tax savings when cut and prices the same, while an increase in corporate taxes ....the corporations will automatically raise our prices to compensate....

That's giving the corporation the advantage in both scenarios and seems totally unfair!

The corporate alternative minimum tax on big companies that make more than a billion dollars in taxable profit, for three consecutive previous years of a billion dollar profit, can't take all the foreign and domestic tax credits available, to pay ZERO in taxes on the present year's taxes.. They have to pay a minimum of a 15% tax.....

It doesn't affect many corporations, and yes....on those few, it could raise prices on their goods they produce or service they offer....if they maintain a billion dollar profit three consecutive years.

Tariff taxes across the board on foreign goods will cause huge inflation for us, while the govt fills their coffers with the tariff tax monies....that only the consumer, is paying for....along with having to also pay their state sales taxes on top of the new higher retail price, and state and federal income taxes, and payroll taxes, and property taxes etc

It's his worst economic idea ever!

 

[Dragonlady]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

They're allowed to do that because it's a FACT that tariffs are paid by the importing companies, not the foreign government sending the goods. The USA has no power to tax people in other countries, or anyone but other Americans.

 

[22lcidw]

Did all the Corporations who got the biggest corporate tax cut in recent history under Trump, of a 40% reduction in their tax rates, pass on their tax savings to us, by reducing prices on all goods that we buy?

The answer is, NO PRICES OF GOODS were reduced on the shelves.

So why are you saying tax rates affect the prices of goods on us? Or are you saying the greedy corporations keep the tax savings when cut and prices the same, while an increase in corporate taxes ....the corporations will automatically raise our prices to compensate....

That's giving the corporation the advantage in both scenarios and seems totally unfair!

The corporate alternative minimum tax on big companies that make more than a billion dollars in taxable profit, for three consecutive previous years of a billion dollar profit, can't take all the foreign and domestic tax credits available, to pay ZERO in taxes on the present year's taxes.. They have to pay a minimum of a 15% tax.....

It doesn't affect many corporations, and yes....on those few, it could raise prices on their goods they produce or service they offer....if they maintain a billion dollar profit three consecutive years.

Tariff taxes across the board on foreign goods will cause huge inflation for us, while the govt fills their coffers with the tariff tax monies....that only the consumer, is paying for....along with having to also pay their state sales taxes on top of the new higher retail price, and state and federal income taxes, and payroll taxes, and property taxes etc

It's his worst economic idea ever!

The tariffs idea is to return manufacturing to our nation. The Prog plan will do nothing of the sort and force corporations to leave.So we pay more with the Prog plan and get nothing in return for it.

 

[bendog]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

both parties practice linguistic bullshit, but in reality, both tariffs and taxes reduce the amount of money in circulation in the economy, so they are .... anti-inflationary. And anti-inflationary is not necessarily always a good thing.

 

[Care4all]

The tariffs idea is to return manufacturing to our nation. The Prog plan will do nothing of the sort and force corporations to leave.So we pay more with the Prog plan and get nothing in return for it.

You don't pay more for the prog plan, you pay more, much much more, for the Trump plan putting inflation through the roof, for 5 to 10 years, before manufacturing would consider, then be able ready to open new factories here with trained employees, if workers are not replaced by automation all together. That's 5-10 years of suffering high inflation. And on our backs....not the manufacturer who chose to leave!!! And without the good paying job yet....

And on top of that, you have retaliation tariffs that affect American companies selling products to the foreigners....

It is a very bad idea, all put on to the every day poorer and middle class citizen's back!

There has to be a better way to bring back manufacturing

 

[Harpy Eagle]

Harris calls tariffs on imports a national sales tax,​

Damn she finally got something right.

 

[Mac-7]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

If trump wants to tax all imports that would be a mistake

He will have to compromise on that

But imports from china should carry hefty tariffs

 

[RoshawnMarkwees]

Don’t worry. Her voters don’t know the difference anyway.

 

[Dragonlady]

All the evil dems whant to do is steal from the producers of the country to fund the grift to the most undeserving....Including themselves.

If you just remember that much you would never vote for a dem again.....Provied you are sane.

The "producers of the country" are the workers that Republicans have been screwing over since 1981. The "producers" at McDonalds are the kids flipping the burgers, not head office executives. Their "product" is what McDonald's is selling. The executives are not making anything other than decisions.

Corporate executives are not "producers" unless they're also providing goods or services to customers. Administration is NOT production.

The Republican focus on "supply side" economics has been a catastrophic failure for the American people. When Reagan took office, the working class owned 5% of the wealth of the nation. Today, the working class is owns none of the wealth of the nation, and is dependent on earned income credits and food stamps to provide for their families.

Until the Biden Administration took office, the middle class was shrinking, with more people falling back into poverty than are rising to wealth.

Republican economic policies have enriched the wealthy, impoverished American workers, and put you on the path of authoritarianism. Republicans have nearly killed the goose that is the American economy. Democrats have managed to revive the economy every time Republicans have crashed it, but it needs a complete overhaul, not the patch job that Obama did.

 

[Dragonlady]

If trump wants to tax all imports that would be a mistake

He will have to compromise on that

But imports from china should carry hefty tariffs

Ever heard of the "carrot and the stick" method, Mac???? You use the carrot to entice the stubborn donkey, and if that doesn't work, you use the stick. Trump goes straight to the stick, pissing off his negotiating partners, and then he makes a bad deal.

What happened the last time Trump hit the Chinese with massive tarrifs, Mac?

1. Xi told Chinese importers to stop doing business with the USA, and they did. Literally overnight.
2. The Chinese took their grain contracts to Mexico and South America, expanding Chinese influence and investment in Central and South America.
3. American farm bankruptcies reached record highs as farmers struggled to find markets for their grain. Most of the tariff money collected was spent to bail out farmers.
4. The US trade deficit with China increased by nearly $50 billion

International Trade

www.census.gov

5. It took until 2022 for US exports to China to return to the same level they were when Trump took office.

In fact, your overall trade deficit, which was going down when Obama was President, has not recovered to the same level it was when Trump took office, and is nearly 50% higher than it was when Obama was in office. Biden has brought it down.

International Trade

www.census.gov

There is a reason why so many of Trump's businesses failed and went bankrupt - he's the worst businessman in world history. The guy is good at lying and going bankrupt.

 

[Independent thinker]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

Anything which attacks the rich financially gets passed right back down to all Americans who pay it, not the rich. The very opposite of inflation reduction. But, the left are too stupid to see that.

 

[marvin martian]

Harris TV ads call tariffs on imported goods a national sales tax. I don't know how they are allowed to do that, but whatever. Same mob who passed the "Inflation Reduction Act", which imposed a 15% minimum tax on the largest US companies. So, taxing foreign companies exporting to the US is called a national sales tax, while taxing domestic companies is called inflation reduction.

This works on her stupid supporters. The majority of us recognize her lies for what they are.

 

[Admiral Rockwell Tory]

Damn she finally got something right.

So, you want to claim the title "Economic Idiot" also? She is not right. If I buy my car built in the US, I pay no tariff and no national sales tax.