Trump gives Americans $72 billion tax hike with his trade war

[ffr]

Trump's trade war is equivalent to one of the the largest tax hikes in a generation.



Families across the country are getting the equivalent of a $72 billion tax increase, thanks to Trump's ill-advised trade war, according to a Thursday report from CNBC.

Using data calculated by the nonpartisan Tax Foundation, CNBC concluded that the impact of Trump's trade war with countries including China and Canada is "equivalent to one of the largest tax increases in decades."
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The $72 billion figure is in the same ballpark of other estimates of the economic havoc Trump is wreaking upon American families. A study in March estimated Trump's trade wars are costing American companies and consumers $3 billion every month. - ShareBlue

Just like Republis to increase the taxes on the middle-class, while corporations and the well connected get tax cuts.


I hate every Republs voter.

[no_hypocrisy]

1. "Are you better off now than you were 4 years ago?