@Suzianne saidPrices rise due to the cost of making them up and down the supply chain, if you get greedy those selling things at a more competitive price will clean up.
This is how Republicans take the piss. Everyone else knows better.
Low taxes for companies do NOT automatically keep the products cheaper. Things are expensive now because companies are profiting because they want Trump elected, so their prices do not reflect how they are doing better under Bidenomics. They're burning America just because they want Trump elected, so they blame current policies for it. It's a tactic that works on the stupid.
@vivify saidThe argument is that tariffs and tax breaks will bring more work within the US.
That's not what he said. That poster said tariffs help lower taxes. He has yet to explain how.
Tariffs are a tax on imports. That means businesses will have higher costs for imports, which will make products more expensive.
4 edits
@KellyJay saidTax breaks never bring more work, as proved by Trump's Trillion-dollar tax that mostly benefited the rich. Businesses like AT&T fired thousands of people despite getting huge tax breaks.
The argument is that tariffs and tax breaks will bring more work within the US.
Tariffs won't significantly increase jobs but they can promote U.S. made products. So under the right conditions for certain groups of people, targeted tariffs can work to benefit some businesses like farming.
The problem with Trump's plan: he wants tariffs on *all* imports, with especially high tariffs on China. That means prices will increase which is bad for consumers. Products ranging from phones to clothes to food and cars (including gas prices) will become more expensive under Trump's plan.
@BOBDANIEL09 saidNo. No it is not clear.
Trump is the candidate that will improve the economy the most and that is clear.
Every single financial expert says his tariff plan is bonkers.
So, yeah, back tae bed with ya.
@vivify saidThey make the government enough money to not need taxes
How do tariffs lower taxes for Americans?
@vivify saidCompanies who build within the US rate would be taxed at 15%, so the incentive would be building in US to avoid the additional charges. Couple that with no tax on tips, OT, SS, among others the economy would be better off, and when energy is cleanly produced in a better way more abundantly, the cost of doing business up and down supply chain would be much lower.
Tax breaks never bring more work, as proved by Trump's Trillion-dollar tax that mostly benefited the rich. Businesses like AT&T fired thousands of people despite getting huge tax breaks.
Tariffs won't significantly increase jobs but they can promote U.S. made products. So under the right conditions for certain groups of people, targeted tariffs can work to benefit some bus ...[text shortened]... es to clothes to food and cars (including gas prices) will become more expensive under Trump's plan.
Far better economically than selectively granting tax breaks and printing free money!
1 edit
@KellyJay saidYou're no longer talking about tariffs at this point. To "build" a business in the U.S. is a separate matter from importing materials.
Companies who build within the US rate would be taxed at 15%, so the incentive would be building in US to avoid the additional charges. Couple that with no tax on tips, OT, SS, among others the economy would be better off, and when energy is cleanly produced in a better way more abundantly, the cost of doing business up and down supply chain would be much lower.
Far better economically than selectively granting tax breaks and printing free money!
Universally taxing imports is a bad idea when the U.S. imports more than any other country in the world.
Targeted tariffs are not the same thing as "selectively granting tax breaks". I say this not as an insult but it seems you're not aware how tariffs work. Tariffs are not "tax breaks", they're the exact opposite.
1 edit
@vivify saidTariffs and direct taxes on the population for just being the population are not the
His post is like saying "taxes make the government enough money to not need taxes".
same thing. Your complaint is all about syntax and not reality, the goal is to
incentivize domestic growth due to manufacturing costs, and you are complaining
about two words that have the same effect yet are different.
2 edits
@KellyJay saidFirst of all, I was the one who just explained to you that tariffs incentivize domestic growth. You just learned that about two posts ago.
Tariffs and direct taxes on the population for just being the population are not the
same thing. Your complaint is all about syntax and not reality, the goal is to
incentivize domestic growth due to manufacturing costs, and you are complaining
about two words that have the same effect yet are different.
Secondly, the U.S. is the largest importer in the world. Increasing costs of imports through tariffs will naturally lead to higher costs for American consumers.
You need to keep one thing in mind: tariffs *can* promote domestic growth. Doesn't mean they'll automatically do so. So many businesses rely on imports that it can be difficult for consumers to "buy American" if almost everywhere they go, products are made in China or elsewhere.
Tariffs are not magic. There must be a plan. You can't just universally apply tariffs and hope something happens.