Saturday, November 23, 2024

Wal-Mart Confirms Trump Tariffs Will Raise Consumer Prices

Walmart -- the world's largest retailer -- is now issuing a warning to customers that they may be paying more for the same products if President-elect Donald Trump makes good on his promise to impose new tariffs on imports.

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Comments

Who you gonna believe, those running a wildly successful international company for six decades or a pancake makeup-wearing, hair-dyeing, senile mook who went broke trying to run a gambling den?

#1 | Posted by Doc_Sarvis at 2024-11-23 06:43 AM

I TOLD YOU SO!!!!!!!!!

#2 | Posted by LauraMohr at 2024-11-23 11:09 AM

I've listened to conservative pundits / radio say this for years.

deal tough with china but be prepared to not be able to buy an electric can opener for $6.99 at Walmart.

try and relax and continue to hope that women everywhere can once again murder their children.

--tariff is a bargaining tool.

#3 | Posted by shrimptacodan at 2024-11-23 03:48 PM

- murder their children

Illegal in every state, LiarDan.

#4 | Posted by Corky at 2024-11-23 04:03 PM

They're just saber rattling.

#5 | Posted by BillJohnson at 2024-11-23 04:11 PM

They're just saber rattling.

Posted by BillJohnson at 2024-11-23 04:11 PM | Reply

God you're just so stupid. Smooth Hawley. Research it you Dummkopf. God you Trumpers are just gullible people.

#6 | Posted by LauraMohr at 2024-11-23 04:14 PM

" God you Trumpers are just gullible people."

Among the MAGA crowd stupidity is a virtue. But will that stupidity make them equal to the heroes who died on Normandy beaches who Trump referred to as suckers. Me thinks the real suckers just elected a traitor/con man to be President.

#7 | Posted by danni at 2024-11-23 07:00 PM

That's Smoot Hawley BTW. Damn autocorrect.

#8 | Posted by LauraMohr at 2024-11-23 07:21 PM

Danni,

It appears to me Trump haters have little basis for their hatred other than "he's not a nice person".

And a full array of name calling for people who vote Republican...again...just hatred with little basis other than own shallow perceptions.

We'll see how the next 4 years go.

#9 | Posted by BillJohnson at 2024-11-23 10:17 PM

We'll see how the next 4 years go.

It will be funny watching all the Lewzer fanbois go from gloating to excuse making.

#10 | Posted by REDIAL at 2024-11-23 10:21 PM

It appears to me Trump haters have little basis for their hatred other than "he's not a nice person".

And a full array of name calling for people who vote Republican...again...just hatred with little basis other than own shallow perceptions.

We'll see how the next 4 years go.

Posted by BillJohnson at 2024-11-23 10:17 PM | Reply

You support a 34 time convicted felon twice impeached insurrectionist and traitor to the American ideals. Who I might add wants to destroy the Constitution and the federal government. Those are the facts of the matter. You're too brainwashed to see it however. You think you're on the right side of history but you're not. Mark my words. One day you will rue the day that you ever supported Trump. Just like those that supported Dubya.

#11 | Posted by LauraMohr at 2024-11-23 10:32 PM

ppppffftttt! puhleeze... any excuse will do. They will also raise on non-tariffed items and tell us it's to offset the price of tariffed goods.

#12 | Posted by RightisTrite at 2024-11-24 03:52 AM

Re: #12 | POSTED BY RIGHTISTRITE AT 2024-11-24 03:52 AM

Of course they will. Did any reasonable person think they would directly pass on the cost of ONLY the tariffed items? No, they'll spread the cost of the tariff-increased items amongst all their other products to minimize the apparent impact. That's just Business 101.

Of course, a deluded person will think it's no big deal because it'll be a relatively small increase on any one product. However, a savvy person will be aware that the inflation rate (which is a calculated from multiple items) will increase and know the reasons why.

#13 | Posted by TrueBlue at 2024-11-24 05:05 AM

They're just saber rattling.
#5 | POSTED BY BULLJOHNSON

Why?

#14 | Posted by ClownShack at 2024-11-24 05:41 AM

Re: #9 | POSTED BY BILLJOHNSON AT 2024-11-23 10:17 PM

I've read quite a few recent comments regarding how non-Trump Supporters just "Don't get it".

This is a great example illustrating how Trump Supporters "Don't get it". The world has many folks who are not "nice persons". For the most part, those folks can be avoided or at least they are not in a position to spread their "not niceness" coupled with the power to harmfully affect very many people. However, that is not the situation with President-elect Trump. It's a mistake to believe the opposition comes from a simple disagreeable personality issue.

#15 | Posted by TrueBlue at 2024-11-24 06:49 AM

Steel and Aluminum Tariffs: In 2018, Trump imposed tariffs of 25% on steel and 10% on aluminum imports from several countries, including China. These tariffs were largely upheld by the Biden administration.
WIKIPEDIA

China-Specific Tariffs: Trump levied tariffs on approximately $350 billion worth of Chinese goods, covering a wide range of products from electronics to apparel. The Biden administration has kept most of these tariffs in place, with some adjustments and additional tariffs on specific items.
NPR ILLINOIS

Solar Panels and Washing Machines: In January 2018, tariffs were imposed on imported solar panels and washing machines to protect domestic manufacturers. These tariffs have been extended under the Biden administration.

#16 | Posted by sitzkrieg at 2024-11-24 09:07 AM

Here's an expanded list of tariffs imposed by the Trump administration that the Biden administration has kept:

Section 301 Tariffs on Chinese Goods:

Targeted $350 billion worth of imports from China.
Products include electronics, machinery, furniture, and consumer goods.
Maintained by Biden, with periodic tariff exclusion processes for some products.
Section 232 Tariffs on Steel and Aluminum:

Steel: 25% tariff on imports.
Aluminum: 10% tariff on imports.
Applied globally with some country-specific exemptions (e.g., Canada, Mexico under certain agreements).
Tariffs on Solar Panels and Washing Machines (Section 201 Safeguard Tariffs):

Solar panels: 30% tariff, decreasing annually.
Washing machines: 20% on the first 1.2 million imported units, 50% thereafter.
Extended under the Biden administration.
Retaliatory Tariffs on the EU:

Targeted EU goods such as wine, cheese, and aircraft parts.
Part of a long-standing trade dispute over subsidies to Airbus and Boeing.
Tariffs on Canadian Lumber:

Tariffs on softwood lumber imports from Canada, citing unfair subsidies.
Continued as part of the US-Canada trade framework.
Automotive and Auto Parts Tariffs:

Investigated under Section 232 but never fully implemented.
Biden has not removed the threat of such tariffs.
Tariffs on Agricultural Imports:

Imposed in response to disputes over market access and subsidies.
Maintained, especially in trade negotiations with countries like India and Brazil.
Technology Tariffs:

Focused on intellectual property theft and forced technology transfers, primarily aimed at China.
These tariffs remain in place as part of broader strategic competition.
Countervailing and Anti-Dumping Duties:

Additional duties on imports from countries deemed to subsidize exports unfairly or dump products below market value.
These duties, targeted at countries like China, Vietnam, and others, have continued under Biden.
Tariffs on Chinese Industrial Materials:

Includes rare earth materials, metals, and chemicals critical to industrial and technological sectors.
Energy Tariffs:

Tariffs on solar cells and modules aimed at boosting domestic clean energy production while protecting the U.S. solar industry.

#17 | Posted by sitzkrieg at 2024-11-24 09:08 AM

The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China's state-driven industrial practices.

The U.S. Trade Representative's office said that many of the tariffs, including a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals, would take effect on Sept. 27.

The USTR determination, opens new tab, published on Friday and first reported by Reuters, showed that a 50% duty on Chinese semiconductors, now including two new categories - silicon wafers and polysilicon used in solar panels - is due to start in 2025.

The action, which marks the end of a more than two-year review of tariffs that had been imposed by former president Donald Trump, mostly left unchanged the top-line duty increases announced in May by President Joe Biden. These include a new 25% tariff on lithium-ion batteries, minerals and components, with those for EVs taking effect on Sept. 27, and those for all other devices on Jan. 1, 2026.

#18 | Posted by sitzkrieg at 2024-11-24 09:35 AM

Tariffs have a place, they are a tool.
You don't use a 556 to open a can of beans.

If you keep falsely equating specific targeted and kept tariffs with what Trump's proposing now, you aren't helping yourself. You certainly aren't making the point you think you are making.

#19 | Posted by YAV at 2024-11-24 09:44 AM

In 2016 he promised what he's promising now. What he delivered, the Dem admin that I just voted for the VP of, approved all of what was actually implemented and increased them.

Gaslighting ourselves is part of the reason we just lost, badly.

#20 | Posted by sitzkrieg at 2024-11-24 09:57 AM

True,

Does anyone honestly believe Kamala Harris was ready for prime time on the big stage?

We all know there's actually others pulling the strings with Biden and likely has for years.

She was a joke...literally.

Some might think Trump is disagreeable but Harris was a fool fooling the fools falling for her meaningless nonsense.

Now we're seeing dem leaders parading Trumps ideas as their own.

#21 | Posted by BillJohnson at 2024-11-24 05:57 PM

2016 he promised what he's promising now.

25 cents for a dozen eggs and 89 cents for a gallon of gas?

#22 | Posted by ClownShack at 2024-11-24 06:03 PM

Does anyone honestly believe Kamala Harris was ready for prime time on the big stage?

Yes.

As for the rest of your bull, you're a trauma victim.

Your life sucks.

Trump can't fix you.

#23 | Posted by ClownShack at 2024-11-24 06:05 PM

Does anyone honestly believe Kamala Harris was ready for prime time on the big stage?

We all know there's actually others pulling the strings with Biden and likely has for years.

She was a joke...literally.

Some might think Trump is disagreeable but Harris was a fool fooling the fools falling for her meaningless nonsense.

Now we're seeing dem leaders parading Trumps ideas as their own.

Posted by BillJohnson at 2024-11-24 05:57 PM | Reply

Oh do STFU BillJohnson. You support a reality star carnival barker. You'll rue the day that you ever supported Trump. Mark my words.

#24 | Posted by LauraMohr at 2024-11-24 06:22 PM

@#21 ... She was a joke...literally. ...

An apparent "joke" who tore Pres-elect Trump a new one during their debate.

#25 | Posted by LampLighter at 2024-11-24 06:49 PM

Now we're seeing dem leaders parading Trumps ideas as their own.
#21 | POSTED BY BULLJOHNSON

Name one.

We all know you're a liar and won't have a response.

I'm just pointing it out.

#26 | Posted by ClownShack at 2024-11-24 07:31 PM

Clown,

I don't have a response for you.

You're...well...a clown.

#27 | Posted by BillJohnson at 2024-11-24 07:52 PM

It appears to me Trump haters have little basis for their hatred other than "he's not a nice person".
-Bill Johnson.

Yeah, rape is pretty not nice you moron.

#28 | Posted by Alexandrite at 2024-11-24 07:54 PM

@#27 ... I don't have a response for you. ...

In #26, you were asked...

...
Now we're seeing dem leaders parading Trumps ideas as their own.
#21 | POSTED BY BULLJOHNSON

Name one.
...


And your #27 response seems to admit that it has nothing.

"I don't have a response for you."

Good to know.



#29 | Posted by LampLighter at 2024-11-24 08:04 PM

And your #27 response seems to admit that it has nothing.

"I don't have a response for you."

Good to know.

Posted by LampLighter at 2024-11-24 08:04 PM | Reply

BillJohnson is a blind follower of the cult of Trump. He has sold his soul to a man that wouldn't give him the time of day much less than anything else. It's sad but what can you do??

#30 | Posted by LauraMohr at 2024-11-24 08:28 PM

Bill the ------- drooling idiot Johnson.

#31 | Posted by LegallyYourDead at 2024-11-24 10:24 PM

Alex,

The question still remains.

Was Harris ready for the world stage dealing with China and Russia and Iran, etc?

Who were we really voting for since we all know she's a puppet someone directing her which is why she had no thoughts.

#32 | Posted by BillJohnson at 2024-11-24 10:39 PM

@#32 ... Was Harris ready for the world stage dealing with China and Russia and Iran, etc? ...

Instead of dealing with they imagined politically-stained hypotheticals of a Harris Presidency, I'll ask...

Is Pres-elect Trump ready for those tasks?

His first term, and his recent comments, seem to indicate that he may be a surrender-President to the dictators of the world.


#33 | Posted by LampLighter at 2024-11-24 10:45 PM

So now the dems care about/like WalMart?

#34 | Posted by MSgt at 2024-11-24 10:51 PM

@#1 ... Who you gonna believe, those running a wildly successful international company for six decades or a pancake makeup-wearing, hair-dyeing, senile mook who went broke trying to run a gambling den? ...

And....

Dragging this thread back on topic after both the BillJohnson and shrimptacodan aliases have both seemed to have attempted to deflect it off topic. ...

So...

Walmart just leveled with Americans: China won't be paying for Trump's tariffs, in all likelihood you will
fortune.com

... Voters who returned Donald Trump to the Oval Office in hopes that living costs would return to the halcyon days before the pandemic may be in for a shock.

Arkansas-based Walmart, the world's largest retailer that traditionally has catered to working- and middle-class Americans, warned the President-elect's plans to hike import duties across the board will be felt by everyday consumers.

"Tariffs are going to be inflationary, there's no disputing that," Walmart finance chief John David Rainey told Fox News on Thursday. ...


#35 | Posted by LampLighter at 2024-11-24 10:52 PM

@#34 ... So now the dems care about/like WalMart? ...

Why not listen to what the Walmart Finance Chief has told to Fox News?



#36 | Posted by LampLighter at 2024-11-24 10:55 PM

Yea...I'm sure Walmart will raise their prices and let Amazon take even more of their business.

#37 | Posted by BillJohnson at 2024-11-24 11:01 PM

didnt read the article i see.

#38 | Posted by Alexandrite at 2024-11-24 11:03 PM

'There are none so blind as those who will not see. The most deluded people are those who choose to ignore what they already know.'

#39 | Posted by Alexandrite at 2024-11-24 11:05 PM

#34

---- off you gibbering moron.

#40 | Posted by LegallyYourDead at 2024-11-24 11:12 PM

" Yea...I'm sure Walmart will raise their prices and let Amazon take even more of their business."

Tell us you don't understand tariffs without using those specific words.

#41 | Posted by Danforth at 2024-11-24 11:19 PM

Dan,

"Tell us you don't understand tariffs without using those specific words."

During Trumps's first tariffs, I was working in accounting/payables in a commerical industrial environment purchasing raw materials directly impacted by tariffs.

I understand what they are.

The increases were 10-15% or more for certain types of items.

We are already living in inflationary times.

Maybe they'll just have to decrease their greedflation to not lose business as customers find new ways to buy direct or on Amazon.

The fixed and variable costs, direct and overhead that go into merchandise is complex.

We'll just have to see how Walmart responds to this and how they decide to remain competitive.

I can well imagine they will be making all sorts of threats intended to impress upon Trump to rethink his ideas.

#42 | Posted by BillJohnson at 2024-11-24 11:36 PM

@#42 ... I understand what they are.

The increases were 10-15% or more for certain types of items. ...

That seems to run contrary to your alias' #5

... They're just saber rattling. ...

So...

is the Walmart CFO just saber-rattling, as your alias noted in #5, or ...

are we now to believe your alias' opinion that it's greed-flation?

But more important, why the apparent change of story by your alias?

I mean...

... I was working in accounting/payables in a commerical industrial environment purchasing raw materials directly impacted by tariffs. ...

Yeah, that raises questions.



#43 | Posted by LampLighter at 2024-11-24 11:49 PM

Yea...I'm sure Walmart will raise their prices and let Amazon take even more of their business.

Posted by BillJohnson at 2024-11-24 11:01

Not everyone can ship on Amazon you ignorant sap.Tgis will be Smoot Hawley on steroids. Educate yourself better BillJohnson.

#44 | Posted by LauraMohr at 2024-11-24 11:59 PM


We all know you're a liar and won't have a response.
#26 | POSTED BY CLOWNSHACK


I don't have a response for you.

#27 | POSTED BY BULLJOHNSON

Yep

#45 | Posted by ClownShack at 2024-11-25 12:06 AM

SHOP on Amazon. Geez.

#46 | Posted by LauraMohr at 2024-11-25 12:14 AM

Someone was waiting on Wal-Mart to confirm that?

#47 | Posted by madbomber at 2024-11-25 01:11 AM

"In 2016 he promised what he's promising now. What he delivered, the Dem admin that I just voted for the VP of, approved all of what was actually implemented and increased them.

Gaslighting ourselves is part of the reason we just lost, badly.

#20 | POSTED BY SITZKRIEG AT 2024-11-24 09:57 AM"

It's not what President-elect Trump is promising now and that is the salient point.

If he's promising the same thing now as he promised in 2016 and the same tariffs were carried forward by the Biden administration, what makes this a new way forward in 2024?
For the record, some of the tariffs implemented by then President Trump's first administration resulted in disaster. The situation with soy bean farmers back then comes to mind.

However, what President-elect Trump is promising is much more extensive and larger tariffs. Few, if any, policy makers are promoting the elimination of ALL tariffs. As has been pointed out by several others, tariffs have a place and a purpose if prudently applied. The concern is that President-elect Trump, in general, does not exercise much wisdom and prudence. This is especially true in regards to his proposals for future tariffs. Historically, President-elect Trump has repeatedly acted like a loose cannon. Cannons serve a purpose; loose cannons are destructive. If we were dealing with a crazy uncle's rants or a drunk curmudgeon at the local bar, this would be a quaint/interesting discussion. That is not the situation we are dealing with. To not recognize the difference between the tariffs implemented in President-elect Trump's first administration with what he is proposing now, is quintessential gaslighting.

#48 | Posted by TrueBlue at 2024-11-25 05:02 AM

It will be funny watching all the Lewzer fanbois go from gloating to excuse making.

Of course. The excuse will be it's not Trump; it's his advisors.

#49 | Posted by FedUpWithPols at 2024-11-25 06:28 AM

Lamp,

For decades politicians have put in policies with short-term benefits and long-term neg consequences to get votes.

Tariffs is right the opposite. Long-term benefits and short-term neg consequences.

Walmart is threatening to push all of those neg consequences onto consumers and my point is they won't be able so they are saber rattling because they're angry they might have to cut into their profits or rework overhead budgets to remain competitive in the short-term.

Walmart's saber-rattling is a negotiation tactic rather than a foregone conclusion. Large corporations often exaggerate potential consequences to sway public and political opinion.

#50 | Posted by BillJohnson at 2024-11-25 07:37 AM

"True,

Does anyone honestly believe Kamala Harris was ready for prime time on the big stage?

We all know there's actually others pulling the strings with Biden and likely has for years.

She was a joke...literally.

Some might think Trump is disagreeable but Harris was a fool fooling the fools falling for her meaningless nonsense.

Now we're seeing dem leaders parading Trumps ideas as their own.

#21 | POSTED BY BILLJOHNSON AT 2024-11-24 05:57 PM"

Irony Flag:
Trump Supporters touted the wisdom of electing an outsider and non-politician, but were "concerned" about the experience/qualifications of VP Harris?

I suspect you (or anyone else) would find it difficult to denigrate the decades of relationships with foreign dignitaries that President Biden has cultivated. His tutelage of VP Harris likely vastly outweighs anything that President-elect Trump will ever learn or appreciate. If anyone was considered "a joke" on the world stage, one only has to review the interactions of other world leaders with then President Trump during his first term. I wonder if President-elect Trump has learned ANYTHING from that experience.

As for what "We all know", I'd submit you presume/assume way too much, Kemosabe.

BTW, to iterate:
You claim: "Now we're seeing dem leaders parading Trumps ideas as their own."
Seriously??? Please name who and what ideas!
.

#51 | Posted by TrueBlue at 2024-11-25 08:10 AM

Trump doesn't have any ideas beyond hurting people he doesn't like.

#52 | Posted by Alexandrite at 2024-11-25 08:37 AM

True,

Two obvious points are dealing with immigration reform and revitalizing American manufacturing.

Trump elevated those issues during his presidency making them central to his 'America First" initives while democrats have promoted globalization and ignored immigration problems.

We are now seeing them responding to public pressure as Johnny-come-latelies.

#53 | Posted by BillJohnson at 2024-11-25 09:11 AM

Re: #53

Manufacturing Revitalization:
"During the Biden-Harris Administration, over 700,000 new manufacturing jobs have been created and over $910 billion in private manufacturing investments have been announced nationwide. As manufacturing has soared, so too has the opportunity for workers of all backgrounds to get good-paying, quality jobs."

www.commerce.gov

Immigration Reform:
"By taking 535 immigration actions over its first three years, the Biden administration has already outpaced the 472 immigration-related executive actions undertaken in all four years of President Donald Trump's term."

www.migrationpolicy.org

Both are commendable goals.The reality is the Biden administration did more to accomplish those goals than the Trump administration and not just "lately". Can more be done? Of course! That likely will always be true. I find it curious that a BIPARTISAN bill to improve the immigration situation was explicitly requested to be blocked prior to the election by President-elect Trump. I can appreciate that he wanted to create political hay prior to the election, but to claim President Biden was creating an immigration problem is disingenuous.
If anything, one could argue that President-elect Trump is the one borrowing President Biden's ideas and doing so "lately". All this info is/was available via multiple news sources if one were willing to do the research.

#54 | Posted by TrueBlue at 2024-11-25 09:53 AM

Re #53:

BTW, it's great that, as you say, President-elect Trump "elevated" those two concepts/goals. Would you enumerate explicitly what he actually did to accomplish those goals?

#55 | Posted by TrueBlue at 2024-11-25 10:03 AM

True,

"During the Biden-Harris Administration, over 700,000 new manufacturing jobs have been created and over $910 billion in private manufacturing investments have been announced nationwide"

How much of that growth has been partially due to Trump era policies particularly the tariffs?

Trump-era tariffs contributed to a reevaluation of global supply chains the Biden administration continued to follow.

#56 | Posted by BillJohnson at 2024-11-25 10:19 AM

True,

Like I said democrats are taking credit for continuing Trump initiatives that are showing promise.

Were it not for covid disrupting everything, what else might we have seen.

Let's just hope we don't have another oops from China that derails efforts to keep America on a path of growth and self-reliance.

#57 | Posted by BillJohnson at 2024-11-25 10:31 AM

www.epi.org

Ten actions that hurt workers during Trump's first year
How Trump and Congress further rigged the economy in favor of the wealthy

#58 | Posted by LauraMohr at 2024-11-25 10:38 AM

Laura,

If you had a job, maybe you'd understand how the increased standard deduction under Trump's tax cuts helped working families like mine.

It made a big difference for us.

Too bad you're too busy complaining to notice.

#59 | Posted by BillJohnson at 2024-11-25 10:50 AM

Manufacturing Data for the US between Trump and Biden/Harris

#60 | Posted by YAV at 2024-11-25 10:59 AM

Yav,

We won...you lost.

Now we'll see what Trump can get done,hopefully unfettered, that democrats can take credit for later.

#61 | Posted by BillJohnson at 2024-11-25 11:11 AM

"Gaslighting ourselves is part of the reason we just lost, badly.

#20 | POSTED BY SITZKRIEG AT 2024-11-24 09:57 AM"

Indeed!

#62 | Posted by Miranda7 at 2024-11-25 11:12 AM

We won...you lost.

Now we'll see what Trump can get done,hopefully unfettered, that democrats can take credit for later.

Posted by BillJohnson at 2024-11-25 11:11 AM | Reply

You guys might have won but the country has lost. Bigly Mark my words

#63 | Posted by LauraMohr at 2024-11-25 11:13 AM

Yav,

We won...you lost.

This isn't a sporting event, bill. People's lives and well being are at stake.

#64 | Posted by Alexandrite at 2024-11-25 11:19 AM

-You guys might have won but the country has lost. Bigly Mark my words

I just shake my head over that. There is no "we" or "you" after an election.

you voted. period.

After that....we're all in the same boat.

#65 | Posted by eberly at 2024-11-25 11:19 AM

"Walmart is threatening to push all of those neg consequences onto consumers"

That's because CONSUMERS pay the tariffs. Walmart won't be alone, either: EVERY outlet will have to adjust.

You didn't fall for that "Gyna pays" lie, did you?

#66 | Posted by Danforth at 2024-11-25 11:22 AM

"If you had a job, maybe you'd understand how the increased standard deduction under Trump's tax cuts helped working families like mine."

If you had a brain and could do the math you would see how you were being screwed.

Or shorn. Like a sheep.

In theory you should be able to deduct whatever money it costs you to make money. And only be taxed on the profit you make.

If you are a married couple and raising a family in America I can pretty much guarantee it will cost you more than $30,000 to raise them for a year. You should be able to deduct everything it costs you to make money to raise them.

But that's not the way it works is it?

The standard deduction and the elimination of itemized deductions has been a decades long scam to prevent you from the middle class from deducting the REAL costs of making money and taxing a family in middle class America.

Most middle class families who are struggling should pay no taxes. Instead. It's the wealthy who are NOT struggling who pay no taxes.

But like a good little sheep you have learned to love being shorn by your masters.

Enjoy your new master. Same as the old one. Only worse.

#67 | Posted by donnerboy at 2024-11-25 11:29 AM

Tariffs are a tax. Period. Tariffs will be passed on to consumers, we all know this. What I don't get is why people don't view increasing Corporate Income tax through the same lens.

For example, Harris vowed to increase the corporate income tax rate from 21 percent to 28 percent, Increase the corporate AMT tax from 15 percent to 21 percent, Quadruple the stock buyback tax from 1 percent to 4 percent"

Yet for some reason people tout this strategy as a way to "Rein in Corporate Greed". I've got news for you. Walmart is going to raise consumer prices to cover the increased taxation, regardless of the form it takes. The result is EXACTLY the same.

#68 | Posted by Miranda7 at 2024-11-25 11:31 AM

" If you had a job, maybe you'd understand how the increased standard deduction under Trump's tax cuts helped working families like mine."

If you had math skills, maybe you'd understand how the increased standard deduction is because your personal exemption was was taken away, then added to the standard deduction, making it HARDER for Americans to deduct stuff like mortgage interest, real estate taxes, and charitable donations. American workers didn't even get 15% of the tax cuts; hell, FOREIGN INVESTORS got more than American workers. But 83% went to the richest 1%, with 60% going to the top .1%.

Whatever news source told you Trump's tax cuts helped people like YOU was gaslighting.

#69 | Posted by Danforth at 2024-11-25 11:33 AM

Course Walmart will have to raise prices.
Between 2001-2011, 2.7 million jobs were lost to China with 2.1 million in manufacturing.

How else is the US going to get those jobs back?

Walmart is going to raise consumer prices to cover the increased taxation, regardless of the form it takes.

Good, maybe some entrepreneur can take advantage of this increase.

The result is EXACTLY the same.

This is false. That tariff can create new jobs in America to compete with the imports. The US does this with Light Duty Trucks, America is number #1 truck builder.
A tax cannot, as its applied domestically to all companies, meaning there is no "competitive" advantage

Did you know Toyota makes $10,000 truck? Its super nice, not coming here.
www.roadandtrack.com

I haven't heard any Texans on twitter complain about trucks being too expensive.

#70 | Posted by oneironaut at 2024-11-25 11:47 AM

you voted. period.

After that....we're all in the same boat.

#65 | Posted by eberly at 2024-11-25 11:19 AM | Reply

Yes, and we all lost. I'm pretty sure you understand that.

#71 | Posted by Alexandrite at 2024-11-25 12:05 PM

71

I do

#72 | Posted by eberly at 2024-11-25 12:09 PM

Alex,

Check out the word sardonic.

You didn't pick up on it.

I don't see politics as a sport.

Besides, in politics, only the rich ever really win.

#73 | Posted by BillJohnson at 2024-11-25 12:31 PM

Dude, you voted for a felon. Sardonic doesn't begin to cover it.

#74 | Posted by Alexandrite at 2024-11-25 12:35 PM

I don't see politics as a sport.

Besides, in politics, only the rich ever really win.

#73 | Posted by BillJohnson at 2024-11-25 12:31 PM | Reply

We won...you lost.

This isn't a sporting event, bill. People's lives and well being are at stake.

#64 | Posted by Alexandrite at 2024-11-25 11:19 AM | Reply

You're such a fraudster.

#75 | Posted by LauraMohr at 2024-11-25 12:52 PM

Yav,

We won...you lost.

You say that after I simply posted the true manufacturing job numbers between Trump and Biden? That's your response? A "fcck you! I don't care what the data I was spouting says!"?

You MAGA people are so absent any redeeming qualities, at least on this site. All I can say is if you're this bad as a Christian, I can't imagine what you'd be like without your faith. Go reread the beatitudes again.

#76 | Posted by YAV at 2024-11-25 01:22 PM

Please, do you think he reads the bible?

#77 | Posted by Alexandrite at 2024-11-25 01:25 PM

Please, do you think he reads the bible?

Posted by Alexandrite at 2024-11-25 01:25 PM | Reply

He sure loves to buy one printed in China(So much for being an American firster) peddled by an antithesis of what a Christian is supposed to be about. There is that at least.

#78 | Posted by LauraMohr at 2024-11-25 01:30 PM

We won...you lost.
#61 | POSTED BY BULLJOHNSON

Hate won, America lost.

#79 | Posted by ClownShack at 2024-11-25 03:29 PM

we're all in the same boat.
#65 | POSTED BY EBERLY

Agreed.

But, Trump campaigned on attacking America, and he won.

Deplorable Trumping MAGAts have been brainwashed into thinking America, the deep state, the federal government, is against them.

They cannot wait for Trump to tear it all apart.

Why would people want to see their own nation fail?

Ignorance and hate.

The Republican Party is fueled by it.

#80 | Posted by ClownShack at 2024-11-25 03:33 PM

Walmart will have to raise prices.
Between 2001-2011, 2.7 million jobs were lost to China with 2.1 million in manufacturing.

2001-2011? Walmart is raising its prices in 2025 as a result of what happened then?

#81 | Posted by ClownShack at 2024-11-25 03:42 PM

Who shops at Walmart? Not I.

#82 | Posted by Wildman62 at 2024-11-25 06:16 PM

Personally, I believe that any country or individual that does business with Iran, North Korea, Russia and China are traitors to the Western democracies. It's not like those countries constantly tell us how they will kill us all with their nukes and terror groups. Three of these countries aim nuclear weapons at us all and one of them is in a really big hurry to acquire their own nukes so they can too. How can anybody or corporation not from those countries actually think doing business with them is good for anybody but their own wallets? All the weapons that the Russians are using in their war against Ukraine has Western components inside them and it seems pretty obvious to me that they are selling their own countries down the tube supplying our enemies with the knowhow and sanctioned parts to make weapons that they will eventually use against the rest of us and themselves.

#83 | Posted by Wildman62 at 2024-11-25 06:27 PM

Alex,

"you voted for a felon"

Again...I ask.

Do you really believe Kamala was ready for the world stage of President of the United States?

I mean...come on...

You think world leaders would be able to talk to her and have intelligent conversations about worldly problems. She was a farce where it came to leading.

She'd bring her coach daddy with her and I doubt he'd really be that much help.

Be for real....

But Trump's a felon....pffttt...so you say.

#84 | Posted by BillJohnson at 2024-11-26 12:12 AM

BillJohnson supports a 34 time convicted felon twice impeached insurrectionist and traitor to American ideals and he doesn't care. That's the truth of the matter.

#85 | Posted by LauraMohr at 2024-11-26 12:19 AM

She was a farce where it came to leading.

She probably would have picked a Cabinet that wasn't a bunch of lunatics off the TV.

#86 | Posted by REDIAL at 2024-11-26 12:24 AM

"so you say"

the guy has 34 felonies. thats called a fact.

#87 | Posted by Alexandrite at 2024-11-26 12:37 AM

But Trump's a felon....pffttt...so you say.
#84 | POSTED BY BULLJOHNSON

But you're not a troll....pffttt...so you say.

#88 | Posted by ClownShack at 2024-11-26 03:09 AM

" Do you really believe Kamala was ready for the world stage of President of the United States?"

Compared to Trump? Pull the other one; it may have a bell attached.

#89 | Posted by Doc_Sarvis at 2024-11-26 06:34 AM

"It appears to me Trump haters have little basis for their hatred other than "he's not a nice person"

So, are the leadwes of Walmart Trump haters?
Is the construction industry in Texas Trump haters?
Are the farmers in the midwest Trump haters?

It is econ 101; tariffs raise prices; that's what they are intended to do because it doscourages Americans from buying foreign goods
Farmers do depent on migrant laborors to plant and harvest their crops and deporting millions of immigrants will drive up dood prices like you have never seen in your life.
All these things are basic economic principles not expressions of hate for Donald Trump.
If Donald Trump actually imposes the tarriffs he has talked about and deports millions of immigrants he will cause a deep recession and quite possibly a depression. Just basic economics, not personal attack on Trump. Some of hid potential Cbinet members are telling him the exact same thing. So, how much you going to pay for a tomato? $5.00?

#90 | Posted by danni at 2024-11-26 09:34 AM

Danni,

Regardless...be honest.

Was Kamala qualified to deal with world leaders such as Putin and Xi?

Or drugs out of Mexico? She couldn't even deal with immigrants coming here illegally.

We dodged a bullet her losing.

#91 | Posted by BillJohnson at 2024-11-26 12:32 PM

Kamala wasn't a leader.

Her interviews were lame.

#92 | Posted by BillJohnson at 2024-11-26 12:34 PM

Danni,

Stop focusing only on Trump.

Consider Kamala's qualifications for being leader of the United States.

He's done it.

She couldn't or wouldn't or wasn't given permission or something to even deal with the border.

She's weak.

#93 | Posted by BillJohnson at 2024-11-26 12:38 PM

Regardless...be honest.

Was Kamala qualified to deal with world leaders such as Putin and Xi?

Or drugs out of Mexico? She couldn't even deal with immigrants coming here illegally.

We dodged a bullet her losing.

#91 | Posted by BillJohnson at 2024-11-26 12:32 PM | Reply

Translation: Danni has your number and you're too stupid to see it You think you've won but we all have lost. Get used to it BillJohnson.

#94 | Posted by LauraMohr at 2024-11-26 12:41 PM

Stop focusing only on Trump.

Consider Kamala's qualifications for being leader of the United States.

He's done it.

She couldn't or wouldn't or wasn't given permission or something to even deal with the border.

She's weak.

Posted by BillJohnson at 2024-11-26 12:38 PM | Reply

Your bloviations are just too precious BillJohnson. Seriously

#95 | Posted by LauraMohr at 2024-11-26 12:45 PM

BullJohnson is a braying moron, desperately hoping someone will take his bullshht seriously.

#96 | Posted by ClownShack at 2024-11-26 12:51 PM

We dodged a bullet her losing.
#91 | POSTED BY BILLJOHNSON

That's a nice metaphor.

So. You think you be able to dodge the hand grenades Trumpy will be tossing out? Hope you have good armor.

Were you able to dodge the Covid that Trumpy allowed to run rampant? Hope you have good affordable healthcare (not SS or Medicare)

He couldn't respond to a pandemic and you believe he will respond appropriately to another world crisis?

You should probably get your believer fixed. Oh that's right. Since you believe the Bible is the inerrant word of a God then you will probably believe in anything.

Nevermind.

#97 | Posted by donnerboy at 2024-11-26 12:54 PM

BullJohnson is a braying moron, desperately hoping someone will take his bullshht seriously.

Posted by ClownShack at 2024-11-26 12:51 PM | Reply

I just shot hot coffee out of my nose. ROFLMMFAO So true and so funny.

#98 | Posted by LauraMohr at 2024-11-26 12:55 PM

There's no way the moron believes what he posts.

Forced himself to marry a woman, even though he considers himself to be homosexual.

Can't trust a guy like that. He has no sense of self and will do whatever he's told.

What a worthless loser.

#99 | Posted by ClownShack at 2024-11-26 12:59 PM

She couldn't or wouldn't or wasn't given permission or something to even deal with the border.

She's weak.

Posted by BillJohnson at 2024-11-26 12:38 PM | Reply

You're just grasping at straws at this point. Oh and you want to know what weak looks like. When you say that you believe Putin rather than your intelligence community of your own country on the world stage right beside Putin. Now THAT'S weak BillJohnson.

#100 | Posted by LauraMohr at 2024-11-26 01:28 PM

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