Wednesday, August 21, 2019

That meager tax break you got from Trump? His latest tariffs are going to erase it - Daily Kos

The last round of tariffs, J.P. Morgan analysts estimate, will bump costs to consumers from $600 after the first two rounds to $1,000. That's eating up the majority of tax break of about $1,300 from the 2017 tax cuts. J.P. Morgan's chief U.S. equity strategist, Dubravko Lakos-Bujas, says it's particularly bad for consumers as opposed to farmers who are getting Trump's bribes to make up for their losses because "there is no simple way to compensate consumer." .....
https://www.dailykos.com/stories/2019/8/20/1880178/-That-meager-tax-break-you-got-from-Trump-His-latest-tariffs-are-going-to-erase-it

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