Trump Tax
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If you follow that logic then no one won in every election ever. The largest turnout I can remember was 80%. And remember that is of registered voters. Add to that the fact that you have to be 18 in America to register there might not even be 50$ of the total population that is even registered to vote. Almost sounds like he is advocating anarchy.Comment
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If you follow that logic then no one won in every election ever. The largest turnout I can remember was 80%. And remember that is of registered voters. Add to that the fact that you have to be 18 in America to register there might not even be 50$ of the total population that is even registered to vote. Almost sounds like he is advocating anarchy.Comment
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Republicans have a trifecta, which means they’re trying to pass more expensive tax cuts that will disproportionately go to the rich.
How expensive? They’ll cost $4 trillion over the next decade and would increase upward pressure on the debt ratio by 50 percent. How disproportionate? America’s top 0.1% would get a tax cut of $278,000 while 28 million households in the bottom 80 percent would have no change in their tax bill and 14 million in the bottom 80 percent would actually have their taxes go up.
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Republicans have a trifecta, which means they’re trying to pass more expensive tax cuts that will disproportionately go to the rich.
How expensive? They’ll cost $4 trillion over the next decade and would increase upward pressure on the debt ratio by 50 percent. How disproportionate? America’s top 0.1% would get a tax cut of $278,000 while 28 million households in the bottom 80 percent would have no change in their tax bill and 14 million in the bottom 80 percent would actually have their taxes go up.Comment
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Congrats on paying more for everything
Yep definitely Nuts
Trump’s retreat When it comes to tariffs, President Trump is a creature of habit.
He first rolls out new levies with bluster. He claims they will solve a major problem: They’ll help stop fentanyl trafficking across the Mexican and Canadian borders. They’ll bring back manufacturing. They’ll rebalance trade. They’ll collect trillions in revenue.
Soon, the markets panic. Investors worry about the higher prices and lower economic growth that tariffs will cause. Stocks tank. Business leaders call the White House to complain — or, worse, vent publicly about Trump and his methods.
Then, the president rolls back his plans. We reached that final stage yesterday. Trump paused his so-called reciprocal tariffs on every nation but China for 90 days. The move leaves a universal 10 percent tariff on all other countries except Canada and Mexico, which face separate duties. But it undoes some of the most shocking tolls — 20 percent on the European Union, 24 percent on Japan, 46 percent on Vietnam.
Markets rallied at the news. The S&P 500, which had flirted with bear-market territory, shot up almost 10 percent. But stocks haven’t fully recovered from the chaotic “Liberation Day” announcement last week, and the United States remains in an open trade war with China, which faces a 125 percent penalty on its goods. And what happens when the pause ends? Today’s newsletter looks at the fallout from this latest tariff episode.
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