The Trump administration conceded this weekend what economists, CEOs and consumers already knew: Americans pay for tariffs.
Walmart CEO Doug McMillon said earlier this week that some prices could rise because of the tariffs imposed by President Trump. Trump responded on Saturday, urging the world's biggest retailer to simply absorb the consequences of his trade war.
-- The Washington Post (@washingtonpost.com) May 18, 2025 at 10:16 AM
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Workers barely benefited from Trump's sweeping tax cut, investigation shows (2019)
www.theguardian.com
... Big companies drove Donald Trump's tax cut law but refused to commit to any specific wage hikes for workers, despite repeated White House promises it would help employees, an investigation shows.
The 2017 Tax and Jobs Act -- the Trump administration's one major piece of enacted legislation -- did deliver the biggest corporate tax cut in US history, but ultimately workers benefited almost not at all.
This is one of the conclusions of a six-month investigation into the process that led to the tax cut by the Center for Public Integrity, a not-for-profit news agency based in Washington DC.
The full findings, based on interviews with three dozen key players and independent tax experts, and analysis of hundreds of pages of government documents, are published today in an in-depth piece. ...
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