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Home>Crisis Watch>Trump Loves Collecting Taxes: Tariffs Equate to Largest Tax Increase Since 1993

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Trump Loves Collecting Taxes: Tariffs Equate to Largest Tax Increase Since 1993

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Mish

Global Economic Analysis

Published : May 22nd, 2019

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Category : Crisis Watch


	Trump says he loves collecting tariffs. What he really means is he loves to collect taxes. Trump Loves Big Taxes If you love big tariffs, you love big taxes, because that's what tariffs are. Admitting the Obvious Even Kudlow Admits the Obvious: Trump is Wrong Tax Cut - Tax Hike Difference Trump's tax cuts went almost entirely to the wealthy. Trump's tax hikes went to all consumers via higher prices. Currency War Meanwhile, Trump Asks the Fed Start a Currency War With China And to top it off, consider the Fed's lie of the day: "Low Inflation is One of the Major Challenges of Our Time" Yet, economists cannot figure out why the middle class is shrinking. Go figure.

Source : moneymaven.io

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Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com

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