- Feb 22, 2017
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Horse crap.The full force of the Chinese and Mexican tariffs and subsequent retaliation would mean that consumers are facing an additional $3,994 in costs because of tariffs, more than four times the $930 tax cut for middle earners that the Republican Party touts as its signature legislative achievement under Trump.
These comparisons attempt to measure the direct benefit to households of the tax cuts -- including larger paychecks -- with the direct and indirect effects of tariffs, including lost jobs, higher prices, and retaliatory tariffs from trading partners.
The tariffs are “clearly demolishing” the benefits of the tax cuts for both businesses and consumers, said Daniel Ikenson, who directs trade policy at the libertarian Cato Institute. “Many households and consumers have been spared so far, but the next round of tariffs will be more problematic.”
Trump’s Tariffs Have Already Wiped Out Tax Bill Savings for Average Americans
I have a job now and no amount of tariffs will wipe that out, bubba.
If you did not have a job before, it was your own damn fault.