The article says Trump’s proposed tax cuts “would save most households hundreds or thousands of dollars.” So even this biased think tank (they are not independent economic analysts) admits Trump’s tax plan will save most households money. Again, that quote is from the article, admitting that most will save on their taxes.
But the headline uses the phrase “Would do the equivalent” by adding in the proposed tariffs; tariffs which have also been implemented or extended by Biden, were proposed also by Bernie Sanders when he was running, as a way to help US workers – especially those in Unions which tend to be undercut by the cost of cheap Chinese labor which causes a loss of US jobs, not to mention slave and child labor around the world. So this think tank says it’s bad that Trump wants to penalize abusive labor practices…. I’d personally be happy to pay more if it means a fair shot for US labor, which would help end these abusive labor practices around the world.
Personally, I don’t want to meet the people from this think tank if they support the continuing decline of the US workforce, including labor unions, and propping up of underpaid foreign labor and child labor.
Huffpost is so biased. They are basically the DNC.
“But his proposed tariffs, which would be largely passed onto consumers as increased prices, would more than offset those tax cuts for all income groups outside the richest 5 percent,” the Institute on Taxation and Economic Policy said [in an analysis it published on Monday](https://itep.org/a-distributional-analysis-of-donald-trumps-tax-plan-2024/).
So Huffpost here is quoting what wikipedia calls a “liberal think tank.”
This doesn’t make the story untrue, but take it with a grain of salt.
Make no mistake that a flatter tax curve (rich people relatively paying less, poor people paying relatively more) is a foundational Republican goal and this is all right in line with that. They just need a trojan horse to hide it in.
4 comments
Will save you a click, all but the top 5%.
The article says Trump’s proposed tax cuts “would save most households hundreds or thousands of dollars.” So even this biased think tank (they are not independent economic analysts) admits Trump’s tax plan will save most households money. Again, that quote is from the article, admitting that most will save on their taxes.
But the headline uses the phrase “Would do the equivalent” by adding in the proposed tariffs; tariffs which have also been implemented or extended by Biden, were proposed also by Bernie Sanders when he was running, as a way to help US workers – especially those in Unions which tend to be undercut by the cost of cheap Chinese labor which causes a loss of US jobs, not to mention slave and child labor around the world. So this think tank says it’s bad that Trump wants to penalize abusive labor practices…. I’d personally be happy to pay more if it means a fair shot for US labor, which would help end these abusive labor practices around the world.
Personally, I don’t want to meet the people from this think tank if they support the continuing decline of the US workforce, including labor unions, and propping up of underpaid foreign labor and child labor.
Huffpost is so biased. They are basically the DNC.
“But his proposed tariffs, which would be largely passed onto consumers as increased prices, would more than offset those tax cuts for all income groups outside the richest 5 percent,” the Institute on Taxation and Economic Policy said [in an analysis it published on Monday](https://itep.org/a-distributional-analysis-of-donald-trumps-tax-plan-2024/).
So Huffpost here is quoting what wikipedia calls a “liberal think tank.”
[https://en.wikipedia.org/wiki/Institute_on_Taxation_and_Economic_Policy](https://en.wikipedia.org/wiki/Institute_on_Taxation_and_Economic_Policy)
This doesn’t make the story untrue, but take it with a grain of salt.
Make no mistake that a flatter tax curve (rich people relatively paying less, poor people paying relatively more) is a foundational Republican goal and this is all right in line with that. They just need a trojan horse to hide it in.