Trump’s ‘Liberation Day’ tariffs and America’s other tax problem

Source: Washington Examiner · Bias: Center Right

Summary

As Americans prepare to file their taxes, they should know they’ve already been paying a new one all year — import taxes, better known as tariffs. Despite political rhetoric to the contrary, that’s exactly what tariffs are: a tax on consumption, and a regressive one at that. The Tax Foundation estimates that tariffs amount to […]

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Trump’s ‘Liberation Day’ tariffs and America’s other tax problem
Washington Examiner

Trump’s ‘Liberation Day’ tariffs and America’s other tax problem

Center Right

As Americans prepare to file their taxes, they should know they’ve already been paying a new one all year — import taxes, better known as tariffs. Despite political rhetoric to the contrary, that’s exactly what tariffs are: a tax on consumption, and a regressive one at that. The Tax Foundation estimates that tariffs amount to […]