Liberation day – Michael Roberts
“It’s not April Fools day (1 April). But it might as well be as later today US President Donald Trump announces another barrage of tariffs on imports into the US in what Trump calls ‘Liberation Day’ and what America’s voice of big business and finance, the Wall Street journal, has called ‘the dumbest trade war in history.” …
Tariff-battered U.S. farmers are getting exactly what they deserve: ex-GOP insider – msn
Republicans Plan To Go ‘Nuclear’ On Passing Trillion Dollar Tax Cuts – HuffPost
GOP tax proposals could add $9 trillion to nation’s deficits: Analysis – Hill
Meanwhile, President Trump is expected to announce the biggest tax increase in recent US history at 4 pm today:
Liberation Day Live Updates: Donald Trump To Announce Major Tariffs Today – Newsweek
The impact of Trump’s tax on imports (tariffs) falls disproportionately on middle- and lower-income consumers. In contrast, the tax cuts that he and Republicans in Congress are seeking will benefit higher-income people the most.
‘Get on the bandwagon’: Trump slams ‘unbelievably disloyal’ GOP senators in overnight rant – msn