Trump Set to Whack US Working Class With Historic $3,000 Tax Hike | Common Dreams
www.commondreams.org
There is an old saying in Washington that if you want to understand politicians, look at what they do, not what they say. On that front there is no ambiguity. The Republican president is imposing big new taxes, and he is doing it in a way that does not require congressional approval.

Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump’s tariffs lack a clear industrial strategy and primarily burden American consumers.

  • @SmoothLiquidationEnglish
    6•4 hours ago

    Nobody is saying that tariffs are income taxes, but I pay a bunch of taxes each year that are not income taxes. I have sales taxes at stores, property taxes a couple times a year, and hidden ones like gas taxes. Now we are going to pay more import taxes so that the ultra rich don’t have to pay as much capital gains. To call them anything else is lying to yourself.

    • @glimse
      -3•4 hours ago

      Tell me how telling people their taxes are going to go up $3000 is better than explaining that the tariffs will cause their yearly goods expenses to go up by the same.

      This article is for the layman, not someone who understands tariffs. And instead of explaining that, it says “it’s basically the same thing as your taxes going up!”