Fuck you they just tapped another trillion in debt in the last 3 months lol liars.
Yes, liberals,were wrong.. My “cost of living” is skyrocketing
Let me know when the manufacturing boom starts so I can order my American made uniform.
Given the government collects something like 4.1 trillion in individual income taxes, they are very far from having tariffs replace government revenues!
Extreme-O-MAGA says it’s true, soooo… just more bullshit.
300 billion doesn’t cover a 4.5 trillion dollar tax break for the billionaires.
Where are the Epstein files?
It’s like they’re patting themselves on the back, for punching main street Americans in the dick.
Wild that Europe is almost unanimously pissed off about how good of a deal we got while Reddit is still acting like this is a catastrophe for America.
Surprising how stunned people are in an economy sub that the largest economy in the world has leverage and negotiating power.
What does that money do now then?
Serious question. Everyone is always for raising corporate taxes. If they in turn pass that on in the form of increased prices, isn’t that just the same thing?
never seen conservatives celebrate taxes before
Tarrifs put a disproportionate amount of tax on the poor and working class. It reduces savings and spending power. It’s a drag on the economy. They aren’t good unless they are targeted and these are blanket tarriffs.
My concern is that tariffs significantly deepened and prolonged the Great Depression. If another recession were to hit which tends to happen every decade, it could become much harder to recover and devastate global markets.
People don’t realize how broad the inflation will be.
Consumer products from foreign will cost more. There will be many products that most people don’t realize are imported until the price rises. Today’s example is from Tic-TacUSA, but made in Canada. The price at Walmart just rose 13%.
But it won’t just be the increased cost of consumer products that create inflation. Tariffs apply to imported manufacturing material too. So when an imported material is used to build a domestic product, the price will be higher.
Another group of consumer products that will cost more is domestic products where cheaper imports held prices down. In these situations, when the tariff driven costs of the imported consumer rises, the entire market of that product will rise, including the domestic products.
Paid for by the American people.
I get that we’re raising revenue, but here’s the reality… U.S. companies that manufacture in other low labor countries raise prices to cover tariffs. I pay more for materials, pass that on to customers, and overall costs go up. I own multiple businesses. This is happening across the board. How is that a win? Unless Americans see real, direct benefits, what’s there to celebrate? Feels more like we’re footing the bill for decades of government mismanagement and unsustainable spending.
I am surprised nobody is questioning this claim, for most of the year so far there we no tariffs as Trump kept postponing them. And you have a 4 months empty time from January till April when the liberation day tariffs were announced. Yes, I know the US imported around 4 trillion dollars worth of goods in 2024 and that 300 billion dollars is less than 10% which is the minimum for Trump tariffs, but you have over one quarter of the year gone and imports go lower when Tariffs rise since demand for them decreases with higher prices and/or it becomes harder for them to compete. What makes this more questionable is that they claimed they raised $150 billion from liberation day to July but they only raised $28 billion in July? Are they telling us that from April to June they raised an average of $40 billion monthly but only $28 billion in July?
The White House really wants to throw random numbers around for false claims. Tariffs will never place taxes, the US imports 4 trillion dollars and spends around 4 trillion dollars, if they want to replace taxes they need to put 100% tariffs, which of course will lead to less imports meaning less tariffs. Except if the GOP plans to cut and remove most services of the US government to run it with $300 billion.
Also, I would rather not trust Bessent, a yes man of Trump and a guy who is falling behind in the financial sector lately.
If I am reading this right, the amount of revenue collected from importers as tarriffs is a big chunk but not significant compared to the Federal Budget enough to move the needle? Not understanding how this is supposed to replace income tax revenue.
Nobody ever said you wouldn’t collect tariff revenue. It’s just that anyone with a brain knows that American importers are paying that tariff and will inevitably pass the cost on to consumers.
Is this money in the room with us?
Holy fucking shit, who ever would have thought making everything more expensive = more money!
24 comments
Amazing that conservatives celebrate higher taxes
What exactly did the “experts” even get wrong?
Fuck you they just tapped another trillion in debt in the last 3 months lol liars.
Yes, liberals,were wrong.. My “cost of living” is skyrocketing
Let me know when the manufacturing boom starts so I can order my American made uniform.
Given the government collects something like 4.1 trillion in individual income taxes, they are very far from having tariffs replace government revenues!
Extreme-O-MAGA says it’s true, soooo… just more bullshit.
300 billion doesn’t cover a 4.5 trillion dollar tax break for the billionaires.
Where are the Epstein files?
It’s like they’re patting themselves on the back, for punching main street Americans in the dick.
Wild that Europe is almost unanimously pissed off about how good of a deal we got while Reddit is still acting like this is a catastrophe for America.
Surprising how stunned people are in an economy sub that the largest economy in the world has leverage and negotiating power.
What does that money do now then?
Serious question. Everyone is always for raising corporate taxes. If they in turn pass that on in the form of increased prices, isn’t that just the same thing?
never seen conservatives celebrate taxes before
Tarrifs put a disproportionate amount of tax on the poor and working class. It reduces savings and spending power. It’s a drag on the economy. They aren’t good unless they are targeted and these are blanket tarriffs.
My concern is that tariffs significantly deepened and prolonged the Great Depression. If another recession were to hit which tends to happen every decade, it could become much harder to recover and devastate global markets.
People don’t realize how broad the inflation will be.
Consumer products from foreign will cost more. There will be many products that most people don’t realize are imported until the price rises. Today’s example is from Tic-TacUSA, but made in Canada. The price at Walmart just rose 13%.
But it won’t just be the increased cost of consumer products that create inflation. Tariffs apply to imported manufacturing material too. So when an imported material is used to build a domestic product, the price will be higher.
Another group of consumer products that will cost more is domestic products where cheaper imports held prices down. In these situations, when the tariff driven costs of the imported consumer rises, the entire market of that product will rise, including the domestic products.
Paid for by the American people.
I get that we’re raising revenue, but here’s the reality… U.S. companies that manufacture in other low labor countries raise prices to cover tariffs. I pay more for materials, pass that on to customers, and overall costs go up. I own multiple businesses. This is happening across the board. How is that a win? Unless Americans see real, direct benefits, what’s there to celebrate? Feels more like we’re footing the bill for decades of government mismanagement and unsustainable spending.
I am surprised nobody is questioning this claim, for most of the year so far there we no tariffs as Trump kept postponing them. And you have a 4 months empty time from January till April when the liberation day tariffs were announced. Yes, I know the US imported around 4 trillion dollars worth of goods in 2024 and that 300 billion dollars is less than 10% which is the minimum for Trump tariffs, but you have over one quarter of the year gone and imports go lower when Tariffs rise since demand for them decreases with higher prices and/or it becomes harder for them to compete. What makes this more questionable is that they claimed they raised $150 billion from liberation day to July but they only raised $28 billion in July? Are they telling us that from April to June they raised an average of $40 billion monthly but only $28 billion in July?
The White House really wants to throw random numbers around for false claims. Tariffs will never place taxes, the US imports 4 trillion dollars and spends around 4 trillion dollars, if they want to replace taxes they need to put 100% tariffs, which of course will lead to less imports meaning less tariffs. Except if the GOP plans to cut and remove most services of the US government to run it with $300 billion.
Also, I would rather not trust Bessent, a yes man of Trump and a guy who is falling behind in the financial sector lately.
If I am reading this right, the amount of revenue collected from importers as tarriffs is a big chunk but not significant compared to the Federal Budget enough to move the needle? Not understanding how this is supposed to replace income tax revenue.
Nobody ever said you wouldn’t collect tariff revenue. It’s just that anyone with a brain knows that American importers are paying that tariff and will inevitably pass the cost on to consumers.
Is this money in the room with us?
Holy fucking shit, who ever would have thought making everything more expensive = more money!
Comments are closed.