Search Results: tax dollars

President Trump on Thursday announced a slew of punishing tariffs on pharmaceuticals, heavy trucks, kitchen cabinets, bathroom vanities and upholstered furniture, saying import taxes on those products would go into effect on Oct. 1.

The tariffs range from 25 percent to 100 percent, with the highest levies applying to “any branded or patented” pharmaceutical product coming into the United States. That decision poses considerable political risk, given that Americans could face higher prices for drugs, as countries pull back from exporting them into the United States.

Trump said exceptions would be made for pharmaceutical companies that are building manufacturing facilities in the United States.

This year, as Trump has repeatedly threatened to impose tariffs on imported medicines, most of the largest brand-name drugmakers have announced plans to spend billions of dollars building or expanding U. S. factories.

Trump said they would protect American producers from “unfair outside competition.” He said his actions were justified by “large scale ‘FLOODING’” of the products into the USA by other countries.

“It is a very unfair practice, but we must protect, for National Security and other reasons, our Manufacturing process,” Trump wrote.

Higher costs from the new tariffs will be felt across sectors of the economy, from housing and health care to logistics. The president also said the United States would begin imposing a 50 percent tariff on imported kitchen cabinets, bathroom vanities and associated products, along with a 30 percent tariff on imported furniture and a 25 percent tariff on foreign trucks.

The tariffs will be issued under a national security related law, known as Section 232, that Trump has used to issue tariffs on steel, aluminum, cars and copper. On Wednesday, the Trump administration announced that it was beginning new investigations under the law into imports of robotics, industrial machinery and medical devices, which could result in tariffs.

https://www.farmbilllaw.org/2019/07/24/usda-gave-almost-100-percent-of-trumps-trade-war-bailout-to-white-farmers/

Last fuck up, I mean meaningless trade war, 92% of agriculture tariff revenue went back to farmers as a bailout. Their original export markets looked elsewhere for produce & those markets have NEVER recovered. In other words, "a lot of sound and fury signifying nothing" but farmers getting HAMMERED and it will be MUCH worse this time around.

Argentina? I would LOVE to hear him sell that! Bring it on Mr. America Last!

Israel is a pariah state and needs liquidity desperately. Their vaunted tech sector we created/they stole is in deep shit.

Fossil fuels? You KNOW they have their hand out due to the inevitable overproduction from Trump permitting new fields, opening up federal lands & seabeds and of course "clean coal". 🙄

The Big Dildo Bill devasted & will obliterate rural health care. Withdrawal if Obamacare subsidies will lead to a collapse. Sucks to be sick n poor in MAGA land!

Tourism is unlikely as ALL the stuff worth seeing & doing are ALL In blue states but just the same the knock on effects & impact (negative) on the dollars value has been harrowing.

"America Alone" has resulted in SAVAGE cancellations of arms deals - NATO nations alone have frozen buying USA arms - that layoffs, especially in aerospace as they privatize NASA, are devastating with NO sign of recovery.

Did I miss a corrupt act? Some other sector bribing him with crypto seeking waivers? MAGA HAS FAFO!

https://statehood.dc.gov/page/why-statehood-dc

Taxation without representation:

D. C. residents pay some of the highest federal taxes per capita in the U. S. However, they have no voting representation in Congress, meaning they have no say in how those tax dollars are spent. This directly contradicts the principle of "no taxation without representation".

Lack of voting representation:

D. C. has a larger population than Wyoming and Vermont, yet those states have full representation in Congress while D. C. does not. The city's delegate to Congress can participate in debates but cannot vote on bills.

Unequal treatment:

D. C. residents fulfill all obligations of U. S. citizenship, including military service, yet are denied the fundamental right to participate in their own governance through voting in Congress.

Racial justice:

D. C. is majority-Black and has historically faced systemic inequalities. Statehood is seen by many as a matter of racial justice and equality.

Home rule limitations:

While the Home Rule Act granted D. C. some autonomy, Congress still retains the power to override local laws. Statehood would provide D. C. with full self-governance.

Historical precedent:

D. C. residents have been seeking statehood since 1801.

In summary, granting D. C. statehood would address the fundamental injustice of taxation without representation, ensure equal rights for its residents, and allow the city to have a voice in the decisions that affect it.