Trump's Tariffs Are Like a Massive Tax Hike

Trump’s Tariffs Are Like a Massive Tax Hike

May 16, 2019 at 8:25 pm EDT By Taegan Goddard 95 Comments

https://politicalwire.com/2019/05/16/trump-tariffs-are-similar-to-one-of-largest-tax-hikes/

"SNIP.....

“President Trump, having championed one of the larger tax cuts in recent years, has now enacted tariffs equivalent to one of the largest tax increases in decades,” CNBC reports.

“A CNBC analysis of data from the Treasury Department ranks the combined $72 billion in revenue from all the president’s tariffs as one of the biggest tax increases since 1993. In fact, the tariff revenue ranks as the largest increase as a percent of GDP since 1993 when compared with the first year of all the revenue measures enacted since then, according to the data.”

.....SNIP"