The law that President Trump signed on July 4 ending tax incentives for wind and solar projects is expected to drive up electricity bills across the U.S., with some of the sharpest increases in Republican-led states, according to Energy Innovation, a nonpartisan think tank. read more
If President Trump gets his way and removes Jerome Powell as chairman of the U.S. Federal Reserve, the market reaction would be swift and brutal, Deutsche Bank's George Saravelos argues. read more
The Guardian writes about a 35-year-old father and tech worker who comes to the U.S. frequently to visit his girlfriend. An illness prevented him from flying before his 90-day visa expired. He was jailed for months by ICE. read more
"Some industries command pricing power while others look to be absorbing the levies."
Huh.
Republicans always say any tax hikes just get passed along to the consumer.
That's what it means to command pricing power.
But it looks like some other companies aren't doing that. They are cutting into revenue rather than pass along the costs.
And that's how raising taxes can put companies out of business.
And Republicans are raising taxes on any business that imports and exports, thanks to retaliatory tariffs.