The Transylvania Times -

Biggest Tax Increase In History

 

July 30, 2018



The Trump administration and Republican Congress love to boast about passing the “biggest tax decrease in history.” They don’t mention that their big tax decrease was quickly followed by the biggest tax increase in history.

It is called import tariffs. The hundreds of billions of dollars collected through tariffs will go directly into the federal coffers.

Will the importing companies pay these taxes? Initially perhaps, but ultimately those costs will be added to the price of products and paid by the American consumer.

Both the CEO of Ford and GM recently said to expect price inc...



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