Trumpβs new tariffs are here, and despite his attempts to spin them as a win, the reality is sinking in fast: tariffs are taxes, and American consumers will pay the price. In this latest piece from The Big Picture, writer Todd Beaton breaks down the fallout, the backlash, and how Republicans suddenly became the party of middle class tax hikes. https://thinkbigpicture.substack.com/p/trump-tax-hike-tariffs-republicans
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@georgetakei If the US just paid taxes like damn near every other country on the planet, at least it would be more honest.
One huge difference: If you pay taxes from your paycheck, you always know what your contribution is. And if you overpay, based on your income, you get the excess back yearly.
With tariffs, it's hidden in just about everything without regard to your ability to pay.
#tariffs are hidden #taxes without the #accounting.