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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhy isn't the biggest tax increase in more than three decades a bigger story?
https://www.editorialboard.com/why-isnt-the-biggest-tax-increase-in-more-than-three-decades-a-bigger-story/The president is burning up the American middle class with the largest tax increase since the early 1990s, which itself is snowballing the price of everything from coffee to clothes to carpets to car parts.
Yet this isnt a major, ongoing, attention-grabbing story.
To be sure, theres plenty of reporting about Donald Trumps approval ratings. Hes underwater on every issue you can think of, including immigration. His so-called deportation crackdown has lost support, even among men. Reuters said today that only 41 percent approve.
But even that reporting carries an undercurrent of uncertainty, as if the Washington press corps cant figure out the cause of what is becoming a broadbased backlash against the presidents tariffs. In the absence of clarity, there are abstract questions, especially about the unknowable future, ie, how will "affordability issues impact the midterm elections?
Meanwhile, the American middle class is practically screaming for attention in hopes that someone somewhere does something now.
In January, consumer confidence collapsed to its lowest level since 2014, the AP reported. That same month job losses piled up to their highest level since 2009, according to an independent report. (Tariffs are driving job loss and slowing hiring, CNBC reported.) Meanwhile, health care costs keep going up, as do housing and energy costs.
*snip*
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Why isn't the biggest tax increase in more than three decades a bigger story? (Original Post)
Nevilledog
Yesterday
OP
617Blue
(2,267 posts)1. Only Democrats raise taxes silly. The financial "press" is a joke.
edhopper
(37,216 posts)2. Because a Democrat didn't do it
Why aren't the insane grocery prices a story?
durablend
(9,120 posts)6. Because the rich are doing just fine /s
"Can't afford it? Maybe get a job!"
Bettie
(19,501 posts)3. Why? Because the ultra wealthy
the billionaire class is who owns the media.
As long as THEY don't have to pay taxes, it's all good.
And yes, they pay some taxes, probably, but they have ways to avoid most of it.
They certainly aren't feeling any pain about taxes or prices or anything.
And they run everything now, so we're basically just toys for them to break.
msongs
(73,352 posts)4. poorly written. is the author claiming tariffs are the tax increase? he oughta come out and say it in the lead.
Response to Nevilledog (Original post)
PeaceWave This message was self-deleted by its author.