"Trump is calling for more tariffs if he returns to the White House.

During speeches and interviews conducted earlier this spring, Trump called for adding a tariff of at least 10% on all imports from all countries, as well as another tariff upward of 60% on all Chinese imports.

Together, those tariffs could cost a typical middle-income household $1,700 a year, according to an estimate published by the Peterson Institute for International Economics in May.

This week, Trump suggested that the across-the-board tariff could be as high as 20%.

In April, Moody's estimated that even if Trump cushioned the blow from tariffs with tax cuts, his trade proposals would cost the US economy 675,000 jobs, worsen inflation and shrink gross domestic product by 0.6 percentage points."

'

"Trump and Harris have differing views on how to handle the expiration of more than $3.4 trillion in individual tax cuts next year.

The former president has said that one of his main goals would be extending the sweeping array of tax cuts in the 2017 Tax Cuts and Jobs Act, ... "

In addition, Trump would like to lower the corporate tax rate to 15% from the 21% set by the 2017 tax cuts ""

;

"Harris, on the other hand, said that she will continue President Joe Biden's pledge not to raise taxes on anyone making under $400,000 a year.

The vice president has also slammed Trump for wanting to extend all of the 2017 tax cuts.

"Donald Trump fights for billionaires and large corporations," she said Friday. "I will fight to give money back to working and middle-class Americans."

1Nut reminds me of something loud and inefficient... a blunderbuss, yeah, thats the ticket!

- the current administration

Has never tried to illegally stay in power after knowing they had lost the election... and caused several deaths in the process.

#21

The only Commies around here live under your bed, doofus.

"But the big flailing tell is his current fixation on communism. She's gone "full communist" with her talk of "price controls."

"Kamala" even sounds sort of like "communist," you see. In Trump's brain, riffing on that counts as clever.

What Harris proposed, among many other ideas, was a Federal Trade Commission crackdown on post-pandemic price gouging.

That some price gouging has taken and is taking place is not seriously disputed.

Economists generally hate the government doing anything about it, though, because, well, the government (to these economists) isn't supposed to do anything ever to mess with the glorious free market.

Interestingly, a person of note once disagreed with that.

He signed Executive Order 13910, which enabled the Justice Department to establish a Covid-19 Hoarding and Price Gouging Task Force.

Want to hazard a guess? Here's a hint: He signed the order on March 18, 2020, and he was the president at the time. Yep. Donald Trump."

,

Now, many will say we were in the teeth of a crisis then and are not now. That's true.

And yet, we know that corporate profits are at massive record highs (look at this chart).

If some corporations raised their prices legitimately during shortages but have kept them high after those shortages ended, isn't it the government's business to say "no you don't"?

Of course it is.

Let Trump call that communist all he wants.

If the FTC gets the price of eggs or diapers lowered a bit, it seems safe to say that most swing voters won't care what label Trump and the economics profession put on it."

Damn!

I'm missing the Cornell West/Jill Stein "Abandon Harris '24" presser.