Your Tax Dollars Are Funding the DUMBEST Bailout Ever!
Some of the taxes you pay are going to bailout farmers who only need to be bailed out because of Trump’s tariff policies.
https://www.youtube.com/watch?v=qYVPQRK-gF0
Tag: taxes
Trump’s Tariffs Have Already Hurt the Economy—and the Pain Is Only Beginning
“While most Americans have not yet felt the tariffs’ full effects, businesses have started to. An August survey administered by the Dallas Federal Reserve found that 60 percent and 70 percent of Texas retailers and manufacturers, respectively, said that Trump’s tariffs were negatively affecting their businesses. Earlier this month, The New York Times reported that Section 232 tariffs on imported steel and aluminum have cost John Deere “$300 million so far, with nearly another $300 million expected by the end of the year.” The company has already laid off “238 employees across factories in Illinois and Iowa.” While anecdotal, John Deere’s struggles are reflected in the 48 percent lower growth in total nonfarm employment from January 2025 to August 2025 (598,000 jobs added) compared to those months last year (1.1 million jobs added).”
https://reason.com/2025/09/24/trumps-tariffs-have-already-hurt-the-economy-and-the-pain-is-only-beginning/
Washington Says Tax Breaks Help People. Instead, They’re Corroding the Tax Code.
“Economists have long known that tax expenditures make our taxes unnecessarily complicated, distort pragmatic economic decision making, and mostly benefit hand-selected political constituencies. My Mercatus Center colleague Jack Salmon and I have spent time demonstrating that most tax expenditures don’t offer broad-based relief but rather narrow carveouts that erode critical tax revenue while tilting the scales toward the special interests that sell whatever we’re nudged into buying.
Tax expenditures stand in sharp contrast to a neutral tax system—one that taxes income and consumption consistently and only once, trusts individuals to make buying decisions without manipulation, and leaves resource allocation to markets. Special-interest tax credits should ultimately be terminated.
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Deducting the interest on mortgage payments has virtually no effect on whether someone buys a house. It mostly leads to larger mortgages and bigger homes for wealthier households. That’s a subsidy for the upper middle class.
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The exclusion of employer-sponsored health insurance (ESHI) payments is the single largest individual tax break, costing in excess of $3 trillion over the next decade. Most employees would take the insurance their employers offer with or without this incentive. It ends up inflating the size and cost of plans, driving up health spending, making it more necessary to insure through one’s employer, and entrenching workers in their current jobs.
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The implications are clear: Tax credits and deductions are generally not harmless ways to help taxpayers. They are costly, distortionary privileges captured by industries and interest groups. They complicate the tax code, mask the true size of government, and fail to deliver the promised bang for the buck.”
https://reason.com/2025/09/11/washington-says-tax-breaks-help-people-instead-theyre-corroding-the-tax-code/
91-Year-Old Pennsylvania Woman With Dementia Loses $247,000 Home Over a $14,000 Tax Debt
91-Year-Old Pennsylvania Woman With Dementia Loses $247,000 Home Over a $14,000 Tax Debt
https://reason.com/2025/09/16/91-year-old-pennsylvania-woman-with-dementia-loses-247000-home-over-a-14000-tax-debt/
Trump Has a Habit of Asserting Broad, Unreviewable Authority
“Whether he is waging the drug war, imposing tariffs, deporting alleged gang members, or fighting crime, the president thinks he can do “anything I want to do.””
https://reason.com/2025/09/17/trump-has-a-habit-of-asserting-broad-unreviewable-authority/
American Manufacturing Needs Relief From Trump’s Tariffs
“Manufacturing has been in decline for six months, nearly the exact amount of time since Trump’s new trade wars began.”
https://reason.com/2025/09/04/american-manufacturing-needs-relief-from-trumps-tariffs/
Trump Says Tariffs Make Us Richer. So, Why Are Most Countries With High Tariffs So Poor?
“if tariffs are linked to prosperity, it’s an inverse relationship, according to a recent report on America’s declining economic freedom for Canada’s Fraser Institute. The authors, Robert A. Lawson of Southern Methodist University and Fraser’s own Matthew D. Mitchell, write: “High-tariff countries are generally low-income countries while low-tariff countries are generally high-income countries. In the high-tariff countries, average GDP per capita is just $9,703 per year,” while “in low-tariff countries, it is $43,502 per year.”
In 2023, the U.S. had an average tariff rate of 3.3 percent, which put us in the company of such countries as Singapore and Hong Kong (zero percent each), Brunei (0.5 percent), Israel (1.3 percent), New Zealand (1.9 percent), Australia (2.4 percent), and Iceland (3.3 percent). This year’s tariff shift has been marked by wild fluctuations. But the average tariff rate on April 15 was 28 percent and is now around 19 percent. That puts the U.S. amongst the likes of Zimbabwe (18 percent), Chad (18.1 percent), Republic of the Congo (18.1 percent), Algeria (18.9 percent), and Egypt (19 percent).”
https://reason.com/2025/09/05/trump-says-tariffs-make-us-richer-so-why-are-most-countries-with-high-tariffs-so-poor/
MAGA Economics Is Losing
“When you look at the sectors of the economy that were supposed to benefit from Trump’s economic policies, however, the news gets significantly worse. The manufacturing sector lost 12,000 jobs during the month of August and 78,000 over the past year, according to the data released Thursday by the Department of Labor.
Over the past three months, during which Trump’s tariffs have been in full swing, the manufacturing sector is down 31,000 jobs. Other blue-collar sectors like construction and mining are down over that same period.
All three sectors figure to have been negatively affected by Trump’s tariffs, which (contrary to the administration’s claims) have hit American businesses with huge new taxes on parts, raw materials, equipment, and more. Like with any big tax increase, one way businesses can offset those costs is by hiring fewer people or postponing new investments and expansion. That’s exactly what manufacturing firms say they have been doing.”
https://reason.com/2025/09/05/maga-economics-is-losing/
Trump’s Tariffs Face a Major ‘Major Questions’ Problem at the Supreme Court
“both the U.S. Court of International Trade and the U.S. Court of Appeals for the Federal District have leaned on the “major questions” doctrine. Under that legal theory, the executive branch can only exercise powers that Congress has explicitly granted. The U.S. Supreme Court invoked that doctrine in other recent high-profile cases, including the 2023 ruling that struck down then-President Joe Biden’s student loan forgiveness scheme.
There is no doubt that Congress has, in fact, granted huge tariff powers to the executive branch. But the narrow question before the Supreme Court is whether the law Trump has invoked to impose these tariffs—the International Emergency Economic Powers Act (IEEPA)—grants such broad authority. The law does not contain the word “tariff” and has never been used to impose tariffs before now.”
https://reason.com/2025/09/08/trumps-tariffs-face-a-major-major-questions-problem-at-the-supreme-court/
How Gen Z Protests Overturned a Government, a Crackdown on TV Drug Ads, 7-Eleven’s New Master Plan
Trump administration making it easier for wealthy people to cheat on taxes. One of the simplest ways to bring in more revenue and help the deficit is to take in the taxes people actually owe. This requires enforcement and effort, but the Trump administration isn’t willing to keep doing that.
https://www.youtube.com/watch?v=jA6AKpyQ_ns