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KT2000

(20,587 posts)
Tue Sep 4, 2018, 03:21 PM Sep 2018

Tariffs are taxes - pure and simple

But this tax is not shared equally. These monies are deposited into the Treasury and spent according to Congress' budget. This turns out to be a huge tax increase for mid and lower income folks as their cost of certain goods increases. The high income folks could care less about such increased costs as they got the largest tax cut.
This is more bait and switch and a weakening of America's economy for the long term.

https://www.quora.com/Where-does-the-money-from-the-Trump-tariffs-go-Is-it-like-tax-revenue-that-the-government-can-spend

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