Rick Woldenberg: Tariffs Are a ‘Regressive Tax’ Hurting Everyday Americans, Not Billionaires

WOLDENBERG: “No. And the effect of tariffs is quite clear too. It’s a regressive tax. Since our tax rate is over 100%. we and all the other companies that pay these taxes have to pass them on or we won’t survive. And the people who pay the taxes are people who spend the most the highest percentage of their income or their savings on things subject to tariffs. Those are not billionaires. Those are everyday Americans who buy shoes and clothes and toys and power tools as a significant percentage of their earnings. The billionaires don’t do that. So the tax falls on the lower end. And you know that’s not right. Most Americans would say”

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Rick Woldenberg: Tariffs Are a ‘Regressive Tax’ Hurting Everyday Americans, Not Billionaires‘The tax falls on the lower end, and you know that’s not right‘News & PoliticsRUSH EXCERPT:WOLDENBERG: “No. And the effect of tariffs is quite clear too. It’s a regressive tax. Since our tax rate is over 100%. we and all the other companies that pay these taxes have to pass them on or we won’t survive. And the people who pay the taxes are people who spend the most the highest percentage of their income or their savings on things subject to tariffs. Those are not billionaires. Those are everyday Americans who buy shoes and clothes and toys and power tools as a significant percentage of their earnings. The billionaires don’t do that. So the tax falls on the lower end. And you know that’s not right. Most Americans would say”Video filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Audio filesFullCompactSort byDateSummaryRelevancePopularityPer page81216Recipient e-mailMessage (optional)Preview

Source: Grabien Stories