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Trump increases Taxes on the American people again starting 9/1/19

CaughtInThe said:
Here's what's probably going to happen…

Trump will probably be defeated in the next election, the next president will have to do massive repair to our relationships with our allies, we will have Senate confirmed directors in place, we will negotiate with other countries regarding trade, we will stop threatening other countries with war, we will start slowing down the deficit again and parents can tell their kids that they corrected the major blunder of electing Trump.

And our next president will probably have good credit and be able to get a loan from a US bank.
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Sadly after living with trump that sounds like Nirvana...
 
eman623 said:
Q. Who pays the tariffs on Chinese goods?

A. Increasingly no one. Suppliers and consumers will start buying from non-tariff countries. That is the entire point of the tariffs.
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Tariffs imposed by a president are temporary. Thus, any move to a different supplier can be undone as soon as the next president comes along and ceases the tariffs.
 
trouble13 said:
I do agree that if the gov isnt doing anything to help them through this period, they should.

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Too late, Wisconsin is losing two farms a day on average...
 
trouble13 said:
Do you agree that everytime someone advocates for higher corporate taxes they are advocating taxing the poor?

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Not the subject.
 
ttwtt78640 said:
Treaties require not only "forcing" other nations to do the right thing but also getting congress critters to approve them. Trump sees that (bolded above) as being mission impossible (after all, even the super smooth talking Obama failed at that) so he is using what little he can do on his own instead.
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Trouble is that the only effect it has is to weaken our economy at bad time in the business cycle. It's a cut off your nose to spite your face kind of thing.
 
Airyaman said:
Tariffs imposed by a president are temporary. Thus, any move to a different supplier can be undone as soon as the next president comes along and ceases the tariffs.
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These deals often last decades. If a farmer misses out on a deal to another supplier, they're often out of luck for years with that customer.
 
ocean515 said:
Not true at all. New trade deals have been worked out, and China is in discussions.

The alternative is to continue to allow China and other trading nations to screw over American workers and companies.

I will never support such an approach.
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China is not in discussions They were broken off and Trump lied about them calling him and wanting to renew them.
 
CaughtInThe said:
This time the Trump Tax is 15% on Americans who buy consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of Trump Taxes -- including laptops and cellphones -- will be 15% and start on Dec. 15. This is all after hammering farmers and many other Americans.

Good job Republicans. You elected someone way in over his head. His pay grade is actually a "New York City Con Man".
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So you're in lockstep with Biden's "China is not a problem" gaffe?
 
GDViking said:
Too late, Wisconsin is losing two farms a day on average...
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Im not familiar with the details of why thats happening but for argument sake lets say its because the tariffs have caused them to have nobody to sell their products to. In that circumstance i would support the government paying them a high enough amount to sustain themselves and not grow crops until things are resolved.

Your looking at the farmers predictiment and i respect that. Its a valid concern but there are other industries to also be concerned about. Every msnufactoring job china has to satisify americsn demand takes away a domestic job. We need to produce enough jobs domestically to keep our people productive. Without jobs we will still into bring an impoverished nation as a whole.

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trouble13 said:
Do you think china is winning in this dispute?

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There are no winners in a trade war. Everybody gets screwed. The last time we did this stuff, we got a worldwide depression. Now we're at it again.
 
Luther said:
So important to pass this $$$"cost"$$$ onto the American people?

Is there any other way to solve this issue?
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Previous administrations didn't have the cojones to protect American jobs and intellectual property. Time to pay the piper.
Trump Fighter.webp
 
Airyaman said:
Not the subject.
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I see you're unwilling to have an honest discussion about taxes and how they affect people.

By all means keep selectively telling us how only certain taxes have a negative impact on us to support your partisan rant.

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ttwtt78640 said:
At some point, increasing tariff percentages imposed will reach the level of forcing folks to find alternative sources of products/materials (exactly what an embargo does). China is not apt to change from being "an untrustworthy authoritarian regime" but US retailers/factories changing to alternative suppliers is not going to happen overnight with either tariffs or embargoes, yet a tariff is far less disruptive (than creating an immediate total lack of Chinese products/materials) with only a (gradual?) cost increase as the incentive to do so.

It seems more prudent to use tariffs since they can be adjusted (have their rates changed up/down) gradually while embargoes are simply an on/off switch. If China partially behaves better (the only realistic possibility) then a tariff rate can be lowered a bit, but with an embargo it must either be kept in place or completely removed based on any incremental changes in behavior (the most that China is likely to do).
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The reality is that the Chinese regime isn't likely to behave much better regardless of what we do. The appropriate response then is to cause them as much ecomomic pain as possible to inhibit their growth, and a total embargo is the fastest and most direct way of accomplishing this.
 
bearpoker said:
China is not in discussions They were broken off and Trump lied about them calling him and wanting to renew them.
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How do you know China isnt the one lying?

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Airyaman said:
Tariffs imposed by a president are temporary. Thus, any move to a different supplier can be undone as soon as the next president comes along and ceases the tariffs.
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Which makes it no different that any other EO a president signs. Or for that matter any law, which can be changed by the next Congress and president.

What's your point? That nothing is cast in stone? True, but once a retailer moves to a new supplier, it's not guaranteed he will move back once the tariff is lifted. Maybe he's getting just as good a deal from the new supplier. Or maybe he will worry - not unreasonably - the next president will reinstate the tariff.
 
bearpoker said:
There are no winners in a trade war. Everybody gets screwed. The last time we did this stuff, we got a worldwide depression. Now we're at it again.
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America is not in a depression. We are not even in a recession. America has every right yo fight for s better deal. Its in our best interests to do so. If it is as you say causing a globsl depression, perhaps they should give us a better deal.

Do you think that what Trump is asking for is unfair?

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bearpoker said:
Trouble is that the only effect it has is to weaken our economy at bad time in the business cycle. It's a cut off your nose to spite your face kind of thing.
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Hmm... are you asserting that raising taxes now weakens our economy and is bad for the business cycle? I never expected a Liberal to say that, but thank you for pointing that out.
 
trouble13 said:
Im not familiar with the details of why thats happening but for argument sake lets say its because the tariffs have caused them to have nobody to sell their products to. In that circumstance i would support the government paying them a high enough amount to sustain themselves and not grow crops until things are resolved.

Your looking at the farmers predictiment and i respect that. Its a valid concern but there are other industries to also be concerned about. Every msnufactoring job china has to satisify americsn demand takes away a domestic job. We need to produce enough jobs domestically to keep our people productive. Without jobs we will still into bring an impoverished nation as a whole.

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Other manufacturers, do you mean like Jon Deere (IA) caterpillar (il) to name a couple???
 
trouble13 said:
How do you know China isnt the one lying?

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I never believe Trump without a collaborating source. Also, China has no reason to lie. Trump does. He wants the stock market back up and he wants his base to think he knows what he's doing. If China wants to restart talks, they have no reason to deny it.
 
CaughtInThe said:
This time the Trump Tax is 15% on Americans who buy consumer goods ranging from footwear and apparel to home textiles and certain technology products like the Apple Watch. A separate batch of Trump Taxes -- including laptops and cellphones -- will be 15% and start on Dec. 15. This is all after hammering farmers and many other Americans.

Good job Republicans. You elected someone way in over his head. His pay grade is actually a "New York City Con Man".
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Let me know when the CPI shows that American consumers are actually paying this "tax".

I suspect you don't know who's been paying for the tariffs. (hint: not American consumers)
 
trouble13 said:
America is not in a depression. We are not even in a recession. America has every right yo fight for s better deal. Its in our best interests to do so. If it is as you say causing a globsl depression, perhaps they should give us a better deal.

Do you think that what Trump is asking for is unfair?

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Not yet anyway. Yes we have a right to fight for a better deal. We need to be smart about it, not self destructive. Holding the world economy hostage isn't smart.
 
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