Trump set to whack US working class with historic $3,000 tax hike - eviltoast

Summary

Donald Trump is poised to impose massive import tariffs on goods from Canada, Mexico, and China, effectively raising taxes on U.S. households by an estimated $3,000 annually.

Unlike past tax increases that targeted the wealthy, these tariffs disproportionately impact low- and middle-income workers.

While Trump claims the measures address immigration and fentanyl concerns, experts argue they serve as a revenue source to offset tax cuts for the rich.

Critics contend that Trump’s tariffs lack a clear industrial strategy and primarily burden American consumers.

    • carbonari_sandwich@lemm.ee
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      1 day ago

      When the IRS is under-funded, they’re less able to go after the wealthy and are left the poor who won’t be able to fight it.