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The Economy

A new example of MAGA’s illogical thinking:

The new tax bill includes a higher tax on foreigners who invest in the US. This will, of course, discourage investment and tend to depress stock prices.

A section of the bill, which passed the House of Representatives on May 22, takes aim at countries including Canada, the UK, France and Australia that impose “digital services taxes” on large technology companies such as Meta Platforms Inc. It also targets countries using provisions in a multicountry deal for minimum corporate taxes.
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Section 899 would increase the federal income tax rate on passive US income — such as dividends, interest and royalties — earned by people and institutions that are based in the targeted countries.
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THE ART OF THE DEAL(S): Consumer confidence for May was much stronger than expected on optimism for trade deals.

The Fake Media, newspeak spin not working.
 

Steve Moore Admits He Was “Wrong” in Predicting Trump’s Tariffs Would Cause Inflation to Spike​

By Harold Hutchison, Daily Caller News Foundation • May. 27, 2025

https://americanpoliticalreport.com/wp-content/uploads/2025/01/DCNF.jpg(DCNF)—Former Trump administration official Steve Moore admitted Tuesday that increased inflation from tariffs imposed by President Donald Trump “just isn’t showing up.”

The Consumer Price Index rose 2.3% year-over-year in April, down from 2.4%in March, according to data from the Bureau of Labor Statistics. Moore said that his prior predictions that the duties would increase inflation were “wrong.”

“I’ve been wrong. I thought these tariffs would cause higher inflation. Tariffs are taxes, and consumers bear some of the cost of that, but it just isn’t showing up in the numbers right now,” Moore told Fox Business host Larry Kudlow. “It just really isn’t and if you look at any, almost any measure of inflation right now, it’s pretty tame.”

https://thelibertydaily.com/steve-moore-admits-he-was-wrong-predicting-trumps/
 
Rightguide said:

Steve Moore Admits He Was “Wrong” in Predicting Trump’s Tariffs Would Cause Inflation to Spike​

By Harold Hutchison, Daily Caller News Foundation • May. 27, 2025

https://americanpoliticalreport.com/wp-content/uploads/2025/01/DCNF.jpg(DCNF)—Former Trump administration official Steve Moore admitted Tuesday that increased inflation from tariffs imposed by President Donald Trump “just isn’t showing up.”

The Consumer Price Index rose 2.3% year-over-year in April, down from 2.4%in March, according to data from the Bureau of Labor Statistics. Moore said that his prior predictions that the duties would increase inflation were “wrong.”

“I’ve been wrong. I thought these tariffs would cause higher inflation. Tariffs are taxes, and consumers bear some of the cost of that, but it just isn’t showing up in the numbers right now,” Moore told Fox Business host Larry Kudlow. “It just really isn’t and if you look at any, almost any measure of inflation right now, it’s pretty tame.”

https://thelibertydaily.com/steve-moore-admits-he-was-wrong-predicting-trumps/
Click to expand...
So when US companies show us why they are increasing prices (due to trump's failed tariffs) we should ignore them?

Also, it probably won't hit the consumer hard for another few weeks or months.
 

Trump Tariffs Revenues Soar AGAIN, Creating More Wealth for America.​


Tariff revenues collected by the U.S. government in May have already exceeded $22.3 billion, according to data from the Treasury Department. A significant deposit of over $16.5 billion was recorded on May 22 alone.

This spike in receipts, categorized under “Customs and Certain Excise Taxes,” has been driven by President Donald J. Trump’s trade policies, aimed at encouraging the reshoring of American manufacturing from foreign countries.

The total for May has already surpassed the $17.4 billion collected in April and the $9.6 billion in March. Since January 1, more than $92 billion has flowed into government coffers.

https://thenationalpulse.com/2025/0...-soar-again-creating-more-wealth-for-america/
 
Rightguide said:

Steve Moore Admits He Was “Wrong” in Predicting Trump’s Tariffs Would Cause Inflation to Spike​

By Harold Hutchison, Daily Caller News Foundation • May. 27, 2025

https://americanpoliticalreport.com/wp-content/uploads/2025/01/DCNF.jpg(DCNF)—Former Trump administration official Steve Moore admitted Tuesday that increased inflation from tariffs imposed by President Donald Trump “just isn’t showing up.”

The Consumer Price Index rose 2.3% year-over-year in April, down from 2.4%in March, according to data from the Bureau of Labor Statistics. Moore said that his prior predictions that the duties would increase inflation were “wrong.”

“I’ve been wrong. I thought these tariffs would cause higher inflation. Tariffs are taxes, and consumers bear some of the cost of that, but it just isn’t showing up in the numbers right now,” Moore told Fox Business host Larry Kudlow. “It just really isn’t and if you look at any, almost any measure of inflation right now, it’s pretty tame.”

https://thelibertydaily.com/steve-moore-admits-he-was-wrong-predicting-trumps/
Click to expand...
Who cares?
 
Rightguide said:

Trump Tariffs Revenues Soar AGAIN, Creating More Wealth for America.​


Tariff revenues collected by the U.S. government in May have already exceeded $22.3 billion, according to data from the Treasury Department. A significant deposit of over $16.5 billion was recorded on May 22 alone.

This spike in receipts, categorized under “Customs and Certain Excise Taxes,” has been driven by President Donald J. Trump’s trade policies, aimed at encouraging the reshoring of American manufacturing from foreign countries.

The total for May has already surpassed the $17.4 billion collected in April and the $9.6 billion in March. Since January 1, more than $92 billion has flowed into government coffers.

https://thenationalpulse.com/2025/0...-soar-again-creating-more-wealth-for-america/
Click to expand...
Keep on mind American companies are paying through tariffs and passing along to consumers. This is not what you want to brag about, additional taxation.
 
Tariffs cause price increases if the items are imported by a US business and they pass the tariff along to the consumer
 
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