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Inflation is not high prices, but the rate of increase costs
Posted on: October 12, 2024 at 14:30:15 CT
raskolnikov MU
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The source of the increased federal revenue from the tariffs came from the US public. Tariffs are increased taxes. As for your line that Trump's cuts helped the middle class more than anyone is horsesht -
2027 Tax cut - Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent.
2027 Tax cut - Households with incomes in the top 1 percent will receive an average tax cut of more than $60,000 in 2025, compared to an average tax cut of less than $500 for households in the bottom 60 percent, according to the Tax Policy Center (TPC).[1] As a share of after-tax income, tax cuts at the top — for both households in the top 1 percent and the top 5 percent — are more than triple the total value of the tax cuts received for people with incomes in the bottom 60 percent.
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Inflation is not high prices, but the rate of increase costs - raskolnikov MU - 10/12 14:30:15