Donald Trump Has Raised Taxes on the Middle Class By $250 Billion

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Last year Donald Trump cut taxes on corporations and the rich by about $2 trillion over the next ten years. But what about us ordinary schmoes? For us he’s levied the following taxes:

  • 25 percent tariff on steel imports
  • 10 percent tariff on aluminum imports
  • 25 percent tariff on $50 billion in imports from China

By my calculation, this comes to about $250 billion over ten years, something that Republicans have grumbled about slightly but done nothing to stop. And make no mistake: this is basically a sales tax that will ultimately be paid by consumers. So there you have it: a $2 trillion cut cut for the rich and a $250 billion tax hike for the middle class—so far. Welcome to the Republican Party’s vision for America.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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