45 months and counting 3 years and 9 months,

The world retaliates?

His shit is so goddamn stupid

'proposed' and 'would think about'

'concept of a plan'

I wouldn't believe him!!!!!

Their taxes will double while the wealthy will get more tax breaks.

need to counter in someway. It would not be that expensive considering the lower 50th Percentile pay only about 2.5% of Federal income taxes. https://taxfoundation.org/data/all/federal/summary-latest-federal-income-tax-data-2023-update/

I know a number of servers and factory/warehouse/factory/etc workers who like that "pledge." Most probably already lean trump because I'm in a rube red area. And about 40 to 50% of retirees do pay tax on a portion of their benefits.

...most of the taxes collected in this country were excise taxes. Excise taxes are taxes imposed on a specific good or activity and are commonly levied on cigarettes, alcoholic beverages, soda, gasoline, insurance premiums, amusement activities, and betting. Federal dependence on excise taxes is down significantly since 1950, when almost 20 percent of federal tax collections were from excise taxes. Today, excise taxes only make up about 3 percent of federal collections. Excise taxes are regressive, meaning those with the lower incomes pay the same rate as the richest people in this country and this is part of the reason they fell out of favor.

Tariffs are essentially the same as excise taxes except they're place on imported goods. Tariffs aren't paid by the country of origin; they're paid by the consumer. Like excise taxes, tariffs are not only regressive, but they're often answered with retaliatory levies from other countries and make American exports more expensive and, therefore, unattractive. Trump's tariffs on agricultural exports did so much harm to American farmers, he wound up increasing government aid to them to quell the political upset. Tariffs have their place, but as a wholesale economic strategy, they're bad. It was tariffs that exacerbated the Great Depression, plunging the American (and world) economy into an abyss from which it took years (and government deficit spending on a world war) to rebound from.

Most people today have no idea of what tariffs are, or how they work so, thus, may not understand why they won't only not make our economy better, but will lead to Americans paying more for their imported goods which include cars, electric appliances, and clothes.

https://taxfoundation.org/taxedu/glossary/excise-tax/
https://www.forbes.com/sites/stuartanderson/2020/01/21/trump-tariff-aid-to-farmers-cost-more-than-us-nuclear-forces/

...like when China was undercutting U.S. chip makers by insane amounts.

Fair? A tariff on EVs and EV batteries. Fair? Who is paying for those?

This is one of those case where an emerging U.S. market deserves some degree of protection for now.

Haven't we had those since the 1950s?

Are the tariffs on pickups from the EU fair?

...and if you're trying to be clever, you're failing.

As everyone who reads these posts can see.

...really slowly.

Really slowly.

On FreeRepublic?

... buying cheap (often subsidized. substandard) foreign products kill jobs. Just like Walmart didn't kill small businesses, the people who swarmed Walmart did.

and I'm glad they are taxed. I live in Texas and you can't go 2 inches down the highway without seeing an oversized truck trying to run you down. Not to mention the exhaust that is the main contributor to global warming. And while they're at it, tax those damn LED lights that blind the hell out of us at night. Yes, was just having this conversation the other day with one of my Lyft passengers.

Oh but that probably won’t be an issue since he’ll likely make overtime illegal. 😂

wet dream of slave labor. He will pass this and make all overtime non tax. The corporation (with a wink and a nod toward trump) will immediately make all positions salary (no overtime for salaried employees). Once everyone is salary they will get 60 hour weeks from workers. essentially cutting worker's pay by a third. $20/hour x 40 = $800, $800 ÷ 60 hours = $13.33/hour. This is all planned folks.

I mean bonkers.

who he thinks are all women, can go pound sand for not supporting him.

It's hard to pay income tax when your job goes "POOF!", and you don't have an income. If you think jobs losses were bad in his first term, just imagine what they'll be like if he gets back in...

If people aren't happy with the results of inflation, just wait until they see the effects on prices of tariffs and trade wars.

Trump can't implement this on his own anyway. Nip this BS in the bud by promising voters that a President Harris will veto any reckless attempts by Congress to eliminate taxes on Social Security, Tips, and Overtime.