Tariffs are not only a tax but specifically are a regressive tax.
Tariffs are not only a tax but specifically are a regressive tax.
Exactly, but I'm sure that we'll get complaints about people who don't understand that message, so how can it be made any easier to understand?
Great question. Maybe very “Tariffs are a tax the rich pay the least.” (Consider that a first draft.)
Argghhh. Missing word. Meant “very simple.”
If my Congressional candidates started saying, "Tariffs are a regressive tax. The poor pay more. A greater percentage of their income goes to paying tariffs," repeatedly, do you think that would be a clear message?
Every tariff announcement from Trump makes TRUMP money, FFS! He and his minions dump their holdings and then reap the rewards when stocks tank. Why is the media so fucking gullible?
Did you mean to say “complicit” in the pump and dump scheme?
That’s more or less what I said, but sure.
I love that the people who buy every lie, hook, line, and sinker, are the government’s new tax cash cow, and their perpetual idiocy make them willing targets.
Trump’s Tariffs aka Taxes take money from working Americans to fund tax cuts for the rich. It’s just another Trump con and the media are stupid or complicit in giving Trump cover. Tariff taxes aren’t revenue. They are theft.
Not just a tax, it's a regressive tax that will disproportionately hit lower income people. It will only partially offset the enormous giveaways to rich people, who don't need it but will recycle some of it back to the GOP.
And the federal government will only become addicted because it is under control of oligarchs who refuse to pay their taxes.
Unbelievable—yes by all means, kill job growth, send working honest immigrants to prison, take away health care, tariff the hell out of the rest of the world and we’ll pay for the tariff and our taxes. Yes, that’s the ticket.
It is a tax on us and I can't afford to keep paying these higher prices.
"A new tax on imports" is just sitting there waiting..
Just throwing this out there but reversing Trump's tax cuts might cover off scrapping the tariffs given that the tariffs haven't paid for the tax cuts?
Imagine them writing this about higher marginal tax rates or capital gains taxes
It’s an indirect national sales tax on consumers.
Y'ALL JUST GONNA PAY IT? OR ARE YOU READY TO GET IN THE STREET? The time is well-passed to be making these elected MAGA fear for their lives. It's only fair. Aren't they making you fear for yours? You ok living like one of Dickens' street urchins?
Really bright bulbs at the @nytimes.com
Ah yes, and all the failed small businesses, lost jobs & decreased consumer spending resulting from illegal #tariffs will def have no impact on GDP or tax revenue. 🤯
They’re trying to replace income taxes on the wealthy with a national sales tax.
We’ve already been down this road before in the early 20th century and it did not in fact make money long term.
What exactly is the federal government doing with this new windfall? Because they’ve dismantled everything they used to pay for.
Tax cuts for the wealthy.
Tax cuts for the rich.
Every tax produces revenues. This is no surprise ffs. “It makes money” isn’t the responsible way to evaluate the effectiveness of a tax. Taxing the rich would raise money and be fair.
If you want to raise revenue with a regressive national sales tax a VAT is the efficient way to do it. Designed properly, it does not penalize domestic manufacturing and exempting necessities coupled with refundable tax credits can offset some of the regressivity. But gee, that's complicated!
The tariffs are ILLEGAL. Did they mention that?
It’s a regressive consumption tax, and if our country is depending on it while cutting progressive income taxes we are institutionalizing new levels of oligarchy
Exactly, call it what it is: a tax. No need for fancy euphemisms. Relying on regressive consumption taxes while cutting progressive income taxes just cements oligarchy and hits working people hardest. Clarity matters!
This is written from an ivory tower somewhere. I’ve already been impacted.
Tariffs are regressive taxes. Can that be made into a simpler message?
Tariffs are regressive taxes
They can call it a Victory Tax That worked before.
The NYT wishes so bad it could just throw in the towel and be Fox.
Call tariffs the Trump Sales Tax. He loves his name on things.
Not just a tax, a highly regressive tax.
Not just a tax, a highly regressive tax.
I like: Lawmakers May Come to Appreciate that Trump's New Stream of Tax Revenue as They Continue to Fund Pet Projects
They are acting as if these companies are happy to be paying these illegal tariffs to importers - they’re not
@nytimes.com for the major fail again
Of course taxes generate money. We the people pay. Wish tRump would quit.