This year, there is an insidious tax that many Americans have no idea they've been paying.
This tax is a tariff, and over the last 10 months Americans have been paying tariffs in record numbers as a part of a multi-front trade war.
The administration has been less than honest about who is actually paying for these tariffs.
On February 16, President Trump tweeted that "Billions of dollars are being paid to the United States by China in the form of trade tariffs!" That tweet was similar to remarks made to the nation's governors on February 25, when the president stated that "China is paying us, right now, billions and billions of dollars of tariffs a month it's hurting them; it's not good for them."
Even the Trump administration's own Council of Economic Advisers admitted as much in their Annual Economic Report of the president, noting that the big drawback of tariffs is the "Costs paid by consumers in the form of higher prices and reduced consumption."
For the American consumer, this begs the question: where has all that tariff money gone? Significant sums have already gone toward bailing out industries adversely affected by tariffs, creating a heinous hamster wheel of tax-and-spend policies.
Together with Tariffs Hurt the Heartland, the multi-industry campaign against tariffs, the Taxpayers Protection Alliance is making a straightforward request that the U.S. Treasury secretary at least consider taking tariffs into account during this season of tax refunds.
https://townhall.com/columnists/rossmarchand/2019/04/15/the-insidious-tax-many-americans-have-no-idea-theyve-been-paying-n2544779
This tax is a tariff, and over the last 10 months Americans have been paying tariffs in record numbers as a part of a multi-front trade war.
The administration has been less than honest about who is actually paying for these tariffs.
On February 16, President Trump tweeted that "Billions of dollars are being paid to the United States by China in the form of trade tariffs!" That tweet was similar to remarks made to the nation's governors on February 25, when the president stated that "China is paying us, right now, billions and billions of dollars of tariffs a month it's hurting them; it's not good for them."
Even the Trump administration's own Council of Economic Advisers admitted as much in their Annual Economic Report of the president, noting that the big drawback of tariffs is the "Costs paid by consumers in the form of higher prices and reduced consumption."
For the American consumer, this begs the question: where has all that tariff money gone? Significant sums have already gone toward bailing out industries adversely affected by tariffs, creating a heinous hamster wheel of tax-and-spend policies.
Together with Tariffs Hurt the Heartland, the multi-industry campaign against tariffs, the Taxpayers Protection Alliance is making a straightforward request that the U.S. Treasury secretary at least consider taking tariffs into account during this season of tax refunds.
https://townhall.com/columnists/rossmarchand/2019/04/15/the-insidious-tax-many-americans-have-no-idea-theyve-been-paying-n2544779
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