Trump is intending to turn the tariffs into a sales tax to replace the income tax. This place a monumental amount of the tax load on poor and middle class Americans. The tariffs do not show up on your receipts or your tax return, but it is a huge economic burden nonetheless. If the republicans manage to make a case for getting rid of the income tax, it will be very difficult to reestablish it.
We cannot allow republicans to control the narrative on this. We need to stop talking about tariffs and taxes like they're two separate things. TARIFFS = TAXES. Repeat this over and over again on all media platforms.
Originally Posted By u/BeneficialNatural610 At 2025-04-27 02:04:23 PM | Source
Not necessarily. Depends on demand. If demand is relatively inelastic for their good or service, they can and will reliably pass the cost of tariffs on to consumers and maintain their profit margin.