Trump Plans to Announce $500 Tax on All American Households Today

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The Wall Street Journal reports:

The White House, looking to ratchet up trade pressure on China, is expected to announced today that it is more than doubling the size of the proposed tariffs to 25% from 10% on $200 billion of Chinese imports, industry sources said.

Well, let’s see: divide by four, carry the one….that’s a $50 billion tax on Chinese goods—and according to the Journal, this includes consumer goods like furniture, lamps, food and computers. That’s about $500 on every household in America.

This is going great, isn’t it? The rich are getting a $100 billion cut on their capital gains taxes while the working class is getting a $50 billion tax increase on its furniture and computer gadgets. MAGA!

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Our team has been on fire lately—publishing sweeping, one-of-a-kind investigations, ambitious, groundbreaking projects, and even releasing “the holy shit documentary of the year.” And that’s on top of protecting free and fair elections and standing up to bullies and BS when others in the media don’t.

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