Trump Loves Collecting Taxes: Tariffs Equate to Largest Tax Increase Since 1993

Mike “Mish” Shedlock's Sitka Pacific Capital Management,Llc

Trump says he loves collecting tariffs. What he really means is he loves to collect taxes.

Trump Loves Big Taxes

If you love big tariffs, you love big taxes, because that's what tariffs are.

Admitting the Obvious

Even Kudlow Admits the Obvious: Trump is Wrong

Tax Cut - Tax Hike Difference

Trump's tax cuts went almost entirely to the wealthy.
Trump's tax hikes went to all consumers via higher prices.

Currency War

Meanwhile, Trump Asks the Fed Start a Currency War With China

And to top it off, consider the Fed's lie of the day: "Low Inflation is One of the Major Challenges of Our Time"

Yet, economists cannot figure out why the middle class is shrinking.

Go figure.

Author

Mike “Mish” Shedlock's

Sitka Pacific Capital Management,Llc

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