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

[Burgermeister]

No one ever claimed that taxing corporations would reduce inflation.

This is a false premise.

15% tax on corporate profits is in the Inflation Reduction Act.

 

[Marener]

What's really stupid about calling a tariff a "national sales tax" is it implies you really have no choice. Um, you do. BUY AMERICAN and there is no tariff, thus you don't pay more. But real sales tax, which is a tax on EVERYTHING you buy, is NOT a choice the consumer can make.

What's sad is how many liberals are too stupid to understand how taxes work.

15% tax on corporate profits is in the Inflation Reduction Act.

Yes. To pay for the things in the inflation reduction act like lowering drug costs.

 

[SweetTea]

Stellantis(Dodge RAM) is moving much of their production to Mexico, granted likely due to lower labor cost. When companies aren't as profitable as they need to be, they make big moves. Increased taxes on US corporations coupled with Unions fighting for exorbitantly high wages make them less competitive with companies outside the US with low taxes and far less wages who can import their products into the US. What incentive would companies have to stay in the US if they can move across the border, avoid high taxes and wages and simply import their products back into the US, tariff free?

 

[Burgermeister]

Yes. To pay for the things in the inflation reduction act like lowering drug costs.

Unsurprisingly, you missed the point and went on another tangent, but since you did, how does taxing corporations reduce the cost of drugs? The drug companies providing those drugs will be hit with this tax.

 

[Care4all]

If tariffs are so horrible and destructive, why didn't Harris rescind any of Trump's tariffs?

Across the board tariffs are absolutely terrible and a massive tax on goods that we all end up paying, causing massive inflation.

Strategic, purposeful tariffs used as a geo political tool are some times necessary to achieve our goals.

I'm not certain what the tariffs are that Biden kept, or the strategic purpose why....do you know???

What trump is proposing for 2025+ is not strategic tariffs... It is across the board tariffs, a national sales tax, on top of, and added to all the other federal and state taxes we already pay....

All economists are against this and see it as a detriment to our economy and economic/ GDP growth.

 

[Rawley]

Across the board tariffs are absolutely terrible and a massive tax on goods that we all end up paying, causing massive inflation.

Strategic, purposeful tariffs used as a geo political tool are some times necessary to achieve our goals.

I'm not certain what the tariffs are that Biden kept, or the strategic purpose why....do you know???

What trump is proposing for 2025+ is not strategic tariffs... It is across the board tariffs, a national sales tax, on top of, and added to all the other federal and state taxes we already pay....

All economists are against this and see it as a detriment to our economy and economic/ GDP growth.

He's a businessman. That is his opening offer. A country makes an economic pitch to us, he'll grant them exceptions.

You do know that only 15% of the goods sold in the US are imported, right? The doom and gloom that Harris is trying to sell you is bullshit.

 

[Marener]

Unsurprisingly, you missed the point and went on another tangent, but since you did, how does taxing corporations reduce the cost of drugs? The drug companies providing those drugs will be hit with this tax.

It doesn’t reduce the cost of drugs. It pays for the subsidies to get those drugs to patients at a reduced cost.

The thread is highly misleading. A straw man.

 

[Burgermeister]

It doesn’t reduce the cost of drugs. It pays for the subsidies to get those drugs to patients at a reduced cost.

The thread is highly misleading. A straw man.

So you want to slap a 15% tax on a, say, car maker or food company, and use that money to subsidize a drug company. Is that right?

 

[Marener]

So you want to slap a 15% tax on a, say, car maker or food company, and use that money to subsidize a drug company. Is that right?

A minimum tax rate, like the AMT.

It doesn’t subsidize the drug companies. It lowers deductibles and out of pocket levels to senior citizens.

 

[Burgermeister]

A minimum tax rate, like the AMT.

It doesn’t subsidize the drug companies. It lowers deductibles and out of pocket levels to senior citizens.

Don't use a word that you don't understand. So, again, explain how that money lowers deductibles and out of pocket levels to senior citizens.

 

[Mac-7]

Why are they my enemy?

Its a common theme throughout history

Dictators often suffer from delusions of grandeur

Xi wants china to file the world economically, politically and militarily

 

[LeftofLeft]

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.

People need to get smart on this. Whenever the government increases taxes and regulations on corporations, it increases costs to the corporations. When costs increase for any business of any size, what impact does that have on the PRICE of goods and services? Do the prices increase or decrease?

If you said INCREASE, you are correct! Part 2: would you call increase in price inflationary or not?

 

[Dr.Know]

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!

But it caused corporations to HIRE AMERICANS WITH GOOD PAY AND BENEFITS. My Nieces and nephews all got good corporate jobs under Trump where Biden provides Side Hustles like DoorDashing and Corporate Ghost Jobs that do not exist.

Deep State is wrecking the Western standard of living because they want a borderless world and that means the same economic conditions no matter where you go. Just look at the social conditioning they are pushing on the young people ; half of them cant even make change or spell.

 

[task0778]

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

I think she's right about tariffs being a national sales tax for those imported products, the price will go up on those things and BTW that is inflationary. But she's dead wrong about raising taxes on US corps resulting in inflation reduction, that's nonsense. What does that idiot think the applicable businesses are gonna do? They're going to raise prices for the same damn thing to cover the additional expense of higher taxes and that is also inflationary.

Another point about tariffs, there is always a retaliation from those countries negatively affected by the imposed US tariff. Somebody on our side will get screwed by that retaliation.

 

[Care4all]

But it caused corporations to HIRE AMERICANS WITH GOOD PAY AND BENEFITS. My Nieces and nephews all got good corporate jobs under Trump where Biden provides Side Hustles like DoorDashing and Corporate Ghost Jobs that do not exist.

Deep State is wrecking the Western standard of living because they want a borderless world and that means the same economic conditions no matter where you go. Just look at the social conditioning they are pushing on the young people ; half of them cant even make change or spell.

Biden's economy added 7 million more jobs than Trump had in 2019...it recovered all the jobs lost during COVID in 2020 and an ADDITIONAL 7 million jobs added.

Y'all are not living in reality with your Debbie Downer brain washing.... Contrary to what Trump says, America is NOT SHIT or a shitty country.... Our economy is the envy of the world....

 

[j-mac]

Biden's economy added 7 million more jobs than Trump had in 2019...it recovered all the jobs lost during COVID in 2020 and an ADDITIONAL 7 million jobs added.

Y'all are not living in reality with your Debbie Downer brain washing.... Contrary to what Trump says, America is NOT SHIT or a shitty country.... Our economy is the envy of the world....

In spite of liberals like you.

 

[eagle7-31]

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.

Harris is a stone cold liar on that issue as well as abortion.