Bruddah IZ
DA
It's not health insurance, his spokesman clarified after the surprise announcement on MSNBC Tuesday morning.
Essential Economics for Politicians
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115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Sheriff Joe
DA
Fake News Booty.115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Bruddah IZ
DA
The coward is back.115 Percent of Trump’s China Tariff Revenue Goes to Paying Off Angry Farmers
“Billions of Dollars are pouring into the coffers of the U.S.A.,” tweeted President Trump last month, “because of the Tariffs being charged to China.”
It would be nice if it were true. But it is, in fact, doubly false.
First, tariffs are not “being charged to China.” They are being charged to American firms importing Chinese goods. As the left-hand bar in the graphic above shows, such firms will pay about $8.4 billion in tariffs on China imports by the end of 2018.
Second, this tariff revenue does not remain in U.S. government “coffers.” As shown in the right-hand bar above, all of it and more is being paid out to American farmers as partial compensation for their losses from Chinese tariff retaliation. The U.S. government has already committed to paying out $1.2 billion more to angry American farmers than it will take in this year from angry American firms.
By launching a trade war with China, therefore, the president has simultaneously raised taxes on U.S. companies and lost the government money. And with the farm constituency critical to his 2020 re-election hopes, the losses are only set to mount going forward.
https://www.cfr.org/blog/115-percent-trumps-china-tariff-revenue-goes-paying-angry-farmers
Sheriff Joe
DA
New coward same as the old coward.
Sheriff Joe
DA
I am ok with that, at the very least he kept HRC from office, appointed a bunch of judges including 2 supremes, took your party so far left there is no coming back and put our country back on top for a change.
Pence will be fine.
How is RBG feeling?
Sheriff Joe
DA
Oh he’s not leaving office. Just nobody listening to him anymore except at the WWE rallies he holds. And judges frequently surprise when they’re on the bench. The Chief Justice has already let us know that...twice, actually.
As far as the country being “on top,” I don’t even know wtf you mean.
America is prevailing over Trump.
Bruddah IZ
DA
How many votes?
Sheriff Joe
DA
You know what I mean.
Bruddah IZ
DA
Heʻs back in the simulator again.
If the country felt like it was “on top,” he’d be popular. Quite the opposite is true.
Is your head in the sand or is it up your ass?
I knew you especially would love that one - tariffs being used to pay subsidies. All thanks to your almighty hero Don the Con. Fortuanaly Donny has a much better understanding of Economics than you.
Sheriff Joe
DA
He sure spends a good amount of time in there.
You’re right. I don’t think they understand this stuff. We know Iz doesn’t.
Hey Iz, is your name on a real property deed anywhere (I assume not) and, if so, do you pay a mortgage?
Also, does most of your income come via checks from the Federal Government?
Remember, these aren’t tough questions. Simple “yes” or “no” answers work best.
It's very simple really - some Americans (the importers and their customers) will pay taxes known as tariffs on goods imported from China or wherever. Part of that tariff income will be used to pay subsidies or support payments to Americans who need the money because China or wherever is not buying the goods they used to export.
Hmmm -- Americans who have the money paying taxes to support Americans who need the money. Sounds like socialism.
Bruddah IZ
DA
Iʻd say he understands you cowards better.