Trump proposes trillions in new taxes

[Doctor Phibes]

This post is deleted!

[Jolly]

@Renauda said in Trump proposes trillions in new taxes:

@Jolly said in Trump proposes trillions in new taxes:

Ok, boy and girls, which American president has a trade policy you like?

Reagan and G H W Bush appeared to understand good trade policies, despite their respective Congresses having some difficulties.

How’s that, Skeezix?

At least you answered, which was better than the rest.

[taiwan_girl]

When the GOP frontrunner proposed implementing a 10 percent tariff on foreign imports into the country, arguing that the policy "would really make a lot of money," the WSJ editorial board pushed back, suggesting that "Americans should be prepared to pay more for all kinds of goods" under the proposal."

"This is worth taking literally and seriously because Mr. Trump meant what he said about tariffs when he ran for President in 2016," the editorial board said, citing a Tax Foundation analysis that found tariffs cost Americans $80 billion and 166,000 full-time-equivalent jobs during his presidency.

https://www.salon.com/2023/08/31/lashes-out-after-the-conservative-wall-street-journal-editorial-board-criticizes-his-campaign/

[Jolly]

Consider the source.

[taiwan_girl]

@Jolly said in Trump proposes trillions in new taxes:

Consider the source.

The Tax Foundation or the Wall Street Journal Editorial Board?

[Jolly]

Salon.

[LuFins Dad]

Quick reminder, employment numbers were incredibly high prior to COVID and wages were excellent at a much lower CPI. Simple fact is more people had more money in their pockets and that money bought more stuff 4 years ago during those tariffs…

[taiwan_girl]

@Jolly The link was from Salon, but the quote I printed was from the Wall Street Journal editorial.

From the Tax Foundation

[Jolly]

Tariffs financed this country for over 100 years. I don't think we had any problems with prosperity or economic growth.

[LuFins Dad]

@taiwan_girl said in Trump proposes trillions in new taxes:

@Jolly The link was from Salon, but the quote I printed was from the Wall Street Journal editorial.

From the Tax Foundation

And again, we had one of the strongest economies in our nation’s history heading into COVID.

[Copper]

Erica York

China Daily likes her.

https://www.chinadaily.com.cn/a/202112/03/WS61a95764a310cdd39bc7909d.html

[Renauda]

@Jolly said in Trump proposes trillions in new taxes:

Tariffs financed this country for over 100 years. I don't think we had any problems with prosperity or economic growth.

Ah yes the good old days. I am sure there were no economic recessions or periodic hard times until after corporate and personal income taxes were introduced. So long as no other countries imposed duties or countervailing tariffs on US goods everything just went swimmingly for everyone in urban and rural America.

[Jolly]

Things never go swimingly. Yet, in those days, Americans weren't paying the majority of their income in multiple taxes