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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAutomakers to Trump: Higher prices on vehicles from tariffs will cancel out tax cuts
If you were lucky enough to get a tax cut.
WASHINGTON (Reuters) - An automotive trade group said on Tuesday it would tell the Trump administration that a U.S. threat to impose a tariff of up to 25 percent on imported passenger vehicles under national security grounds would cost American consumers $45 billion annually, or $5,800 per vehicle.
https://www.reuters.com/article/us-usa-trade-autos-costs/automakers-to-warn-trump-of-45-billion-higher-vehicle-costs-if-tariff-imposed-idUSKBN1JM2LU?il=0
******** So much winning!
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Automakers to Trump: Higher prices on vehicles from tariffs will cancel out tax cuts (Original Post)
Ohiogal
Jun 2018
OP
Higher prices for food, gas, and healthcare has already done that. I didn't get a tax cut anyway.
onecaliberal
Jun 2018
#5
Trump will suggest reducing pay and benefits to auto workers. They make too much like teachers do.
Freethinker65
Jun 2018
#7
Gosh what will it add to the cost of an S class Mercedes? How will we cope!!!!
redstatebluegirl
Jun 2018
#8
Iliyah
(25,111 posts)1. Thats why GOPers need to destroy benefits
that we the tax payers pay for, ie medicare, medical, ss, snap, et al.,
jpak
(41,759 posts)2. Oh - poor babees
My heart bleeds.
no_hypocrisy
(46,190 posts)3. Trump: No problem! I'll give you ANOTHER TAX CUT ! ! !
Fullduplexxx
(7,870 posts)4. The higher gas prices already did that
onecaliberal
(32,895 posts)5. Higher prices for food, gas, and healthcare has already done that. I didn't get a tax cut anyway.
lagomorph777
(30,613 posts)6. The Billionaire Tax Cuts? Who cares? We won't see a cut anyway.
Freethinker65
(10,048 posts)7. Trump will suggest reducing pay and benefits to auto workers. They make too much like teachers do.
But do not worry everyone else. Trump would never threaten your jobs, pay, and benefits....until he does. Hope you have saved enough because the safety nets will be gone and your IRAs will be down with the market, if not already eaten up by fees and bad advice from investment advisors that no longer are required to follow fiduciary rules (cannot have a nanny state you know. Buyer/investor beware). Whatever you do, do not get sick.
redstatebluegirl
(12,265 posts)8. Gosh what will it add to the cost of an S class Mercedes? How will we cope!!!!
Our teenager will have to settle for a C class! Sarcasm in case you didn't notice.