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The tariffs are a needed blow to the “progressive”
tax system

Original Article

Posted By: Big Bopper, 4/3/2025 12:43:18 PM

Democrats think Americans pay too little in taxes. More specifically, they think “rich” Americans fail to pay their “fair share.” They play fast and loose with those terms “rich” and “fair share.” Their unstated definition of “rich” is people who make more than the Democrat hurling the allegation. And they never do define “fair share.” It’s always just more, more, more on the rich, rich, rich. Never mind that the top 1% of earners pay 40% of federal income taxes, the top 5% pay 61%, and the bottom 50% pay only 3%.

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Reply 1 - Posted by: Ditto1958 4/3/2025 12:51:43 PM (No. 1926058)
All the libs with their expensive diplomas from fancy universities think they are smart because they learned in ECON 101 that tariffs are bad. They can’t or won’t see how Trump is using them. As the world’s largest economy we have leverage and for once it is being used. The big question should be why have Congress and previous presidents not put Americans first?
18 people like this.

Reply 2 - Posted by: montwoodcliff 4/3/2025 5:41:39 PM (No. 1926203)
That bottom 50% have no skin in the game. I remember Rush joking about taxing the poor. He did it on an April Fools Day back in the late nineties if memory serves me. Rush may have been joking, but he was right. Everyone should pay something into the system. Trump is not afraid to take a stand and ninety year old Chicken Little Grassley should get out of the way and shelve his bill to take away the President's authority on setting tariffs. I hope Republicans stand up to him and stop this disastrous bill. The markets will rebound and Trump will be proven right once again. WW 2 ended eighty years ago. It's high time we stopped treating our allies as though they are still recovering from that war.
22 people like this.

Reply 3 - Posted by: Dodge Boy 4/4/2025 8:45:02 AM (No. 1926493)
FTA - "Those Trump tax cuts are set to expire at the end of this year. If that happens, the result will be a tax increase amounting to about $400 billion/year. If that number sounds familiar, it’s because it’s the same number mentioned above in connection with the tax revenue that will be realized by the new tariffs. That’s right, the tariffs will approximately pay for extending the tax cuts. A coincidence? I think not." This is the setup. The tariffs will in part dismantle the progressive tax system that we now have. Think about that for a minute. Interesting that the dims are suddenly opposed to more taxation (the tariffs), no? Why? Because it is President Trump's idea not theirs.
16 people like this.

Reply 4 - Posted by: stablemoney 4/4/2025 9:14:09 AM (No. 1926508)
If tariffs are a sales tax on everyone, as the Democrats want to argue, why haven't they mentioned the inflation sales tax, which everyone pays, and the Democrats are responsible for? The tariffs are intended to reduce our deficits, and inflation.
8 people like this.

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