Its a supply and demand issue. Buy chicken
You should do a little basic research before spreading lib misinformation
legalclarity.org
What are you babbling about?
What taxes have been cut?
Trumps tax cuts extended no tax on overtime or tips, larger child deduction, and personal standard deduction. Not a single democrat voted for it. Thats one reason why the middle class has left the party
Bad news for America haters like you, Simp.The Core PCE Report is out this morning, and we'll see what inflation is up to. Two or three more reports and we'll have a solid idea.
Looking for two things, in general:
1. With American business paying increased tariffs on imported goods, and those goods now working their way through the domino effect of supply chains, how much will that increase costs before consumers pay for goods?
2. How much will American business be able to absorb before passing costs to consumers, and what will those increases look like?
We've already had reports showing some unwelcome increases, but you never know. There are things American businesses can do to avoid and mitigate price increases, and no doubt they're doing what they can. It can include finding new suppliers, choosing not to buy/sell certain products, finding ways to increase internal efficiencies, backing off on things like new capital expenditures and dividends, and/or accepting lower margins.
This will go a long way in determining whether the Fed can start decreasing rates in the near term.
We'll see!
The increase in the standard deduction is not going to come close to the higher prices due to tariffs, estimated to be $2400 a year per household. The no tax on tips is just a deduction that caps out at twenty-five grand. Tips over that and you will pay taxes. Same for overtime, that caps out at $12,500 per person. It only applies to the half part of time and a half. So, everyone will still pay taxes on overtime. For instance, say you work fifty hours a week at thirty bucks and hour. That is ten hours of overtime each week, $450. The only part that is non-taxable is the $150 bucks, still going to pay taxes on the three hundred. And both of those deductions sunset after 2028, what a crock of shit.
What higher prices?
You go without steak and lobster.
I don't mind paying taxes, but I want my money's worth for it.
Cars, both new and used, and go ahead, ask how come used car prices are up. Furniture, toys, food, especially beef. Even services like airline flights. From the beginning I said we would start seeing the effect until the back to school shopping season, the Producer's Price Index increases from last month indicate as much.
