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Working America, Are You Ready To Pay More? Trump ‘Set To Whack Workers With Historic $2,000 Tax Hike’

Published Thursday, March 6, 2025
by Labor News Story Link to Alternet Via MSN.com
Working America, Are You Ready To Pay More? Trump ‘Set To Whack Workers With Historic $2,000 Tax Hike’

Dean Baker at Alternet has penned an opinion piece that warns Working America of what they can expect with President Trump’s tariffs on imports from Canada, China and Mexico.  He writes, in part: Donald Trump is about to hit America’s Workers with the largest tax increase they have ever seen. Trump’s taxes on imports (tariffs) from Canada, Mexico, and China will cost people in the United States somewhere around $260 billion a year - or around $2,000 a household. This is far larger than any tax increase we’ve seen in the last half-century, and unlike tax increases put in place by Clinton and Obama, it will primarily hit low and middle-income households. It is not clear what our reality TV show President hopes to accomplish with these tax hikes. His stated reasons don’t make much sense. Canada, Mexico, and China are already cooperating with the U.S. on the issues he is complaining about. There is a minimal flow of fentanyl and undocumented Immigrants from Canada. If Trump can’t find major savings in the budget, then he will have to raise other taxes if he doesn’t want to hugely increase the deficit with his tax cuts for the Elon Musk crowd. This is the most obvious explanation for Trump hitting us with his huge import taxes.

To Continue Reading This Labor Opinion Piece, Go To: Trump set to whack workers with historic $2,000 tax hike | Opinion

Photo Courtesy Of The National AFL-CIO’s Facebook Page.

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