Yes, but they'll use it to give the richest a tax cut. That is what this is all about. Trump tariffs could amount to ‘largest tax increase in at least a generation’, thinktank warns www.theguardian.com/us-news/live... - ThreadSky

jeffjarvis.bsky.social • 22 hours ago

Yes, but they'll use it to give the richest a tax cut. That is what this is all about.
Trump tariffs could amount to ‘largest tax increase in at least a generation’, thinktank warns
https://www.theguardian.com/us-news/live/2025/mar/03/us-politics-live-news-donald-trump-tariffs-canada-mexico-announced-commerce-secretary?CMP=share_btn_url

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patclearly.bsky.social•20 hours ago

It’s a phantom flat tax. They want to effectively eliminate income tax and fund the govt through tariffs. That’s a flat tax in sheep’s clothing.

marilynguibs.bsky.social•19 hours ago

That's what I understand. I don't think that will work. I don't think there's enough money to get out of tariffed goods coz I could dodge buying goods at the store, but can't dodge paying income tax for being employed. But I can tax write off business expenses from our side hustle online business!

esquilax.bsky.social•20 hours ago

^^^ that's it right here

bellyup50.bsky.social•20 hours ago

Which every working & poor family will pay while billionaires' go Scott free.

mikel555.bsky.social•20 hours ago

As long as the GOP uses the proceeds to buy crypto, that will be in compliance wit the Project 2025 rules so the money from the Koch and the Texas oligarchs will keep flowing.

hollyphantpants.bsky.social•22 hours ago

We pay the taxes for the billionaires.

americanheathen.bsky.social•21 hours ago

https://youtu.be/v36OsLm4Y20?feature=shared

mcnutty09.bsky.social•11 hours ago

Sneaky con on the true believers. How dumb can you get?

nunyabitnez.bsky.social•22 hours ago

why do you and everyone say "could"? Its GOING TO destroy us.

moerris-b.bsky.social•21 hours ago

At least he never lied about THAT.

Who would have thought that Putin could be so successful in bringing the US-economy to russian standard?

cowgirl52.bsky.social•21 hours ago

But he will do whatever he wants! 🤷‍♀️

fhuddlestun.bsky.social•21 hours ago

This is the easy way to get money. Trump raises our taxes and no one has to vote on it. People better make representatives accountable this, they have the power to do something. Don't let them off easy.

john3-16.bsky.social•21 hours ago

Yep, they think and he tanks

lonelan.bsky.social•22 hours ago

And that's gonna be permanent

If sanity returns to the helm, companies aren't gonna lower prices once someone else kills the tariffs

Just another way to line the pockets of the rich

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