Trumponomics? He would impose the equivalent of a huge tax hike

[Yo_Mama_Been_Loggin]

Opinion by Doyle McManus

If Donald Trump becomes president again, one of his first moves will take money out of your pocket just as a tax hike would.

Trump hasn't outlined much of an economic program, but he has promised to impose a massive increase in tariffs on imports from almost all foreign countries — everything from bananas and baby formula to computer chips and machine parts.

And that’s the equivalent of a tax hike, because the costs of tariffs are paid almost entirely by the buyers of imported goods, whether they are Walmart shoppers or U.S. businesses that rely on foreign components.

Trump boasts that the tariffs he imposed in 2018 and 2019 brought billions of dollars into the Treasury, and promises a similar revenue increase in a second term. “The United States will make an absolute FORTUNE,” his campaign website says.

https://www.msn.com/en-us/money/markets/column-trumponomics-he-would-impose-the-equivalent-of-a-huge-tax-hike/ar-BB1iTZyM

Are you kidding me? The national debt went up several trillion on his watch.

Maybe he figures he can pay for more billionaire tax cuts that way.

[SWBTATTReg]

1. He already did impose a tax increase, a massive one when he was in office the first time around, anywhere

from $4 to $6 trillion dollars in spending and nothing to replace it with. These are the tax cuts he gave to himself and his billionaire/millionaire friends that weren't paid for. I don't look forward to his spending again such massive amounts, but the chances of him being in the WH again are low, very low. His numbers are low, and probably will continue to get lower.

[SouthernDem4ever]

2. May all your observations come true.