'It wasn’t long ago the media was complaining because Trump was cutting taxes. Now it’s complaining he’s raising them. Confused? Me too.'
I’m used to partisan, inaccurate drivel from all sides these days, but the media’s coverage of President Trump’s tariffs and the so-called “trade war” takes some kind of cake.
And, anyway, facts are facts. Most of what the public is being told about these tariffs is either misleading or a downright lie. It wasn’t long ago the media was complaining because Trump was cutting taxes. Now it’s complaining that he’s raising them. Confused? Me too. Uncle Sam benefits Yes, tariffs are “costs.” But they do not somehow destroy our money. They do not take our hard-earned dollars and burn them in a big pile. Tariffs are simply federal taxes. That’s it.
Even if Trump slapped 25% taxes on all Chinese imports, it would come to a tax hike of … $135 billion a year. U.S. gross domestic product last year: $20.5 trillion.
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