Tag: Donald Trump

Report: Trump’s Proposed Tariff Would Cost Families $1,500 Annually

Posted on by Lone Candle

“Former President Donald Trump’s plan to impose a 10 percent tariff on all imports to the United States would hike prices and cost the average American household $1,500 annually.
That’s the sobering conclusion reached by a new economic analysis from the Center for American Progress (CAP) Action Fund, a left-leaning think tank and advocacy organization. The proposed tariff, which would be applied on top of existing tariffs according to Trump’s campaign, would translate into $1,500 in higher costs for the average American household. That includes “a $90 tax increase on food, a $90 tax increase on prescription drugs, and a $120 tax increase on oil and petroleum products,” according to Brendan Duke and Ryan Mulholland, the two economists who authored the report.”

https://reason.com/2024/03/28/report-trumps-proposed-tariff-would-cost-families-1500-annually/

Trump and Biden Both Get Globalization Wrong

Posted on by Lone Candle

“trade doesn’t need to balance. I have a trade deficit with my supermarket. They get more of my money every year. So, what? I don’t “lose.” I get food without having to grow it myself.
That’s a win for me and the food producer regardless of whether the food was grown locally or came from Mexico.

“Imports are great,” says Lincicome. “It means I can focus on what I want to do for a living and not go make my own food or make my own clothes. I can use those savings and buy other things that makes me better off.”

As long as trade is voluntary, trade is a win for both parties. It has to be; neither side would agree to it unless they think they get something out of the deal.”

…

“Manufacturing output in the U.S. is near its all-time high. We make more than Japan, Germany, India, and South Korea combined.”

https://reason.com/2024/04/03/trump-and-biden-both-get-globalization-wrong/

Biden and Trump Try To Wish Away the Looming Entitlement Crisis

Posted on by Lone Candle

“Contrary to what Trump and Biden imply, it is impossible to “protect” Social Security and Medicare by doing nothing. Inaction will guarantee automatic benefit cuts in less than a decade.
In 2033, according to the latest projections, Social Security’s trust fund “will become depleted,” and “continuing program income will be sufficient to pay 77 percent of scheduled benefits.” Two years before then, Medicare’s hospital insurance trust fund “will be sufficient to pay 89 percent of total scheduled benefits.””

https://reason.com/2024/03/27/biden-and-trump-try-to-wish-away-the-looming-entitlement-crisis/

The Surprising Takeaway From My Survey on How Trump Got a Grip on the GOP Grassroots

Posted on by Lone Candle

“Last February, the county chairs were less supportive of Trump than Republican primary voters as a whole. Yet as time went on, and Trump consolidated support among rank-and-file voters, the chairs fell in line. It’s a reflection of the state of the GOP that has existed since 2016 when Trump first snatched the nomination away from the establishment and took over the Republican Party.
In the pre-Trump era, GOP leaders clearly played more of a role in steering the direction of the party. The 2012 campaign is instructive: Many different candidates were briefly the favorites of rank-and-file Republican voters, from Rick Perry to Herman Cain to Newt Gingrich to Rick Santorum. But throughout the cycle, party elites’ money and endorsements stayed focused on Mitt Romney, and that’s who got the nomination. This year’s ongoing survey of county chairs illustrates how Republican elites are now more responsive to the grassroots rather than the other way around — either because they lack the interest or the ability to do anything else.”

https://www.politico.com/news/magazine/2024/03/04/trump-republicans-chairs-survey-00143360

Trump’s immigration policies are his old ones — but worse

Posted on by Lone Candle

“Along with reupping his old ideas, Trump has spoken at length about how he intends to scale up his past policies, calling for the “largest domestic deportation operation in American history.” He’s focused, too, on bringing back wide-ranging raids to round up undocumented immigrants and setting up new camps where they’d be forcibly detained. And he’s interested in testing out proposals he didn’t get to last term, such as severely limiting birthright citizenship.
Essentially, Trump’s second-term immigration policy is shaping up to be much like his first, but even harsher.

Take Trump’s proposal for a new travel ban, a policy imposed during his first term: “When I return to office, [it’s] coming back even bigger than before and much stronger than before,” Trump said in a July 2023 speech.

That 2016 ban temporarily barred travelers from seven Muslim-majority countries from entering the US before it was struck down by the courts (only to return in updated form). On his first day in office, President Joe Biden rescinded the ban. This time around, Trump is weighing expanding this ban to encompass people from even more places, including Afghanistan and Gaza, and to bar those who express “communist” and “Marxist” views.

Much of what’s driving Trump’s hardline immigration policies is how they resonate with Republican base voters, including those who subscribe to xenophobic ideas of keeping migrants out and economic claims about immigrants purportedly taking jobs or abusing benefits. Additionally, a recent surge in migrant apprehensions across the southern border, as well as an influx of migrants in major cities across the country, has put the issue more prominently in the news, and provided a platform for Republicans — Trump included — to argue the current administration doesn’t have immigration under control.

Two developments could make Trump’s immigration policy in 2025 more viable than it was in his first term as well. Trump is reportedly planning to staff his next administration with loyalists who will find a way to execute his vision, unlike some of the staffers who’ve tried to restrain him in the past. And changes to the judiciary because of Trump’s appointments — including the stacking of the Supreme Court with his nominees — could mean a better legal reception for his policies.”

https://www.vox.com/politics/24080265/trump-immigration-policies-2024