notes: Tim Scott Criticizes Biden's Plan to Let Trump Tax...

The Potential Consequences of Trump's Tariffs and Tax Policies on the US Economy =============== #3d0b08bc ver:0.94 Donald Trump's proposed tariffs and tax policies have sparked debate among economists. Critics warn of inflation and trade wars, while others believe the impact will be moderated by Congress. Biden plans to let income tax cuts for the wealthy expire and raise corporate tax, while Trump wants tax cuts for all. Extending tax cuts will impact taxpayers and the federal budget. Trump's proposal to rely solely on tariffs would harm the economy and ordinary Americans, increasing taxes for lower-income individuals. Economists argue that tariffs are regressive and would disrupt global supply chains. Trump's tax scheme is considered economically illiterate and a blow to economic freedom. Tariffs are bad policy and would result in economic disruption and a global trade war. Trump's proposal to replace income tax with tariffs is unworkable and damaging. It would cripple trade, growth, and employment, trigger inflation, and benefit the wealthy. The math doesn't add up, and relying on tariffs for current spending levels is impossible. Tariffs would harm American workers and businesses. Trump's tariff proposal is nonsensical and harmful. Tariffs would lead to higher prices and disproportionately affect lower-income consumers. An all-tariff system would benefit the wealthy and burden lower and middle classes. #Tariffs #TaxPolicies #Economy #TradeWars #Inflation #IncomeTax #Congress #Biden #Trump... #newstr #Trump #Tariffs #TaxPolicies #UsEconomy #Inflation #TradeWars #Recession https://here.news/story/3d0b08bc?ver=0.94

Notes by Tim Scott Criticizes Biden's Plan to Let Trump Tax... | export

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 Protesters Voice Grievances Against Republicans at Republican National Convention
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#3d0b08bc ver:0.99

Protesters at the Republican National Convention voice grievances against Republicans, criticizing their stance on issues like reproductive rights, immigration, and the Israeli-Palestinian conflict. They oppose both Trump and Biden, calling for the dismantling of Israel as a 'white supremacist settler-colonial state'. Their dissatisfaction reflects broader concerns with the Republican Party's policies. #RNC #Protest #ReproductiveRights #Immigration #IsraelPalestine...

#newstr #RepublicanNationalConvention #Protest #DonaldTrump #Abortion #ReproductiveRights #Immigration #Israel #Palestine #JoeBiden 

 https://here.news/story/3d0b08bc?ver=0.99

 Republican National Convention Embraces Protectionist Economic Policies
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#3d0b08bc ver:0.98

The Republican National Convention embraces protectionist economic policies, focusing on Trump's promises of tariffs, tax cuts, and deportation. Critics warn of potential inflation and debt, while supporters believe in his first-term record. The party's shift away from free-market principles draws criticism from economists. #RNC2024 #Protectionism #EconomicPolicies...

#newstr #RepublicanNationalConvention #Economy #Tariffs #Taxes #Inflation #Deportation #Biden #BudgetProposal 

 https://here.news/story/3d0b08bc?ver=0.98

 Republican National Convention Embraces Protectionist Economic Policies
===============	
#3d0b08bc ver:0.97

The Republican National Convention embraces protectionist economic policies, focusing on Trump's promises of tariffs, tax cuts, and deportation. Critics warn of potential inflation and debt, while supporters believe in his first-term record. The convention highlights the party's shift away from free-market principles, drawing criticism from economists. #RNC2024 #Protectionism #EconomicPolicies...

#newstr #RepublicanNationalConvention #Trump'sEconomicPlans #Protectionism #FreemarketEconomics 

 https://here.news/story/3d0b08bc?ver=0.97

 Trump's Economic Plans at the Republican National Convention: A Closer Look
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#3d0b08bc ver:0.96

#RepublicanNationalConvention focuses on #Trump's economic plans despite recent shooting incident. Critics warn of potential consequences including inflation and $5 trillion national debt. Supporters believe his first-term record speaks for his second term. #RNC2020...

#newstr #Trump #RepublicanNationalConvention #Economy #Tariffs #Taxes #Inflation 

 https://here.news/story/3d0b08bc?ver=0.96

 Trump's Bold Economic Promises at the Republican National Convention
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#3d0b08bc ver:0.95

#Trump makes bold promises on economy at #RNC, including tariffs, lower taxes, defeating inflation, and lower prices. Critics argue it could lead to inflation, harm middle class, and increase national debt. Lack of details and reliance on attitude over policy specifics. #Biden has detailed economic vision....

#newstr #DonaldTrump #RepublicanNationalConvention #Economy #Tariffs #Taxes #Inflation #IllegalImmigration #JoeBiden 

 https://here.news/story/3d0b08bc?ver=0.95

The Potential Consequences of Trump's Tariffs and Tax Policies on the US Economy
===============
#3d0b08bc ver:0.94

Donald Trump's proposed tariffs and tax policies have sparked debate among economists. Critics warn of inflation and trade wars, while others believe the impact will be moderated by Congress. Biden plans to let income tax cuts for the wealthy expire and raise corporate tax, while Trump wants tax cuts for all. Extending tax cuts will impact taxpayers and the federal budget. Trump's proposal to rely solely on tariffs would harm the economy and ordinary Americans, increasing taxes for lower-income individuals. Economists argue that tariffs are regressive and would disrupt global supply chains. Trump's tax scheme is considered economically illiterate and a blow to economic freedom. Tariffs are bad policy and would result in economic disruption and a global trade war. Trump's proposal to replace income tax with tariffs is unworkable and damaging. It would cripple trade, growth, and employment, trigger inflation, and benefit the wealthy. The math doesn't add up, and relying on tariffs for current spending levels is impossible. Tariffs would harm American workers and businesses. Trump's tariff proposal is nonsensical and harmful. Tariffs would lead to higher prices and disproportionately affect lower-income consumers. An all-tariff system would benefit the wealthy and burden lower and middle classes. #Tariffs #TaxPolicies #Economy #TradeWars #Inflation #IncomeTax #Congress #Biden #Trump...

#newstr #Trump #Tariffs #TaxPolicies #UsEconomy #Inflation #TradeWars #Recession

https://here.news/story/3d0b08bc?ver=0.94

 The Impact of Trump's Trade and Tax Policies Divides Economists and Market Experts
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#3d0b08bc ver:0.93

Former President Donald Trump's proposal to replace income taxes with tariffs has sparked debate among economists and experts. Critics warn of inflation and trade wars, while others believe Congress will moderate the policies. The impact of Trump's trade and tax policies depends on Congress, with differing views on potential inflationary effects. #TradePolicy #TaxPolicy #EconomicImpact...

#newstr #Trump #TaxPolicy #Tariffs #EconomicImpact #TradeWar 

 https://here.news/story/3d0b08bc?ver=0.93

 The Economic Impact of Trump's Tax and Tariff Ideas
===============	
#3d0b08bc ver:0.92

Former President Donald Trump's proposal to replace income taxes with tariffs would have catastrophic consequences for the economy and ordinary Americans. It would result in a sales tax of up to 130% on imported items, burdening lower-income individuals and causing economic inequality to skyrocket. The proposal would also disrupt global supply chains and spark trade wars. Trump's approach to tariffs and taxation lacks strategic thinking and would ultimately benefit the wealthy while harming the average American. #TaxPolicy #Tariffs #EconomicImpact...

#newstr #Trump #TaxPolicy #Tariffs #EconomicImpact #TradeWar 

 https://here.news/story/3d0b08bc?ver=0.92

 The Economic Fallacy of Trade Wars and the Flawed Proposal to Replace Income Tax with Tariffs
===============	
#3d0b08bc ver:0.91

Former President Donald Trump's proposal to replace income taxes with tariffs is economically flawed and would harm ordinary Americans. Relying solely on tariffs would result in a sales tax increase of up to 130% on imported goods, burdening lower-income individuals and causing economic inequality to skyrocket. The proposal would also disrupt global supply chains and spark trade wars. Trump's approach to tariffs and taxation lacks strategic thinking and would ultimately benefit the wealthy while harming the average American. #TradeWars #TaxPolicy #EconomicFallacy...

#newstr #TradeWars #IncomeTax #Tariffs #UsEconomy #TradeDeficit #InternationalTrade 

 https://here.news/story/3d0b08bc?ver=0.91

 Trump's Tax-by-Tariffs Plan: Enriching the Wealthy, Crippling the Economy, and Triggering Inflation
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#3d0b08bc ver:0.87

Former President Donald Trump's proposal to replace income taxes with tariffs would benefit the wealthy while harming the economy and ordinary Americans. The plan would impose a sales tax of up to 130% on imported goods, raising taxes for the average family by $5,000 while cutting taxes for the top 0.1% by $1.5 million. It would also disrupt global supply chains and spark trade wars. Economists warn of the catastrophic consequences and the risk of economic inequality. #TaxPolicy #Tariffs #EconomicImpact...

#newstr #DonaldTrump #Taxes #Tariffs #Economy #Inflation 

 https://here.news/story/3d0b08bc?ver=0.87

 The Potential Impact of Trump's Tariffs and Trade Threats on Regular Americans
===============	
#3d0b08bc ver:0.85

Former President Donald Trump's proposal to replace income taxes with tariffs would have catastrophic consequences for the economy and ordinary Americans. It would impose a sales tax of up to 130% on imported goods, burdening the average family with a $5,000 tax increase while benefiting the top 0.1% by $1.5 million. The proposal would also disrupt global supply chains and spark trade wars. Trump's economic illiteracy is evident, and the plan would ultimately benefit the wealthy and harm the average American. #Tariffs #TaxReform #EconomicImpact...

#newstr #DonaldTrump #Tariffs #TradeWars #Economists #TaxCuts #IncomeTaxes #ExecutiveAuthority #TradePolicies #PresidentBiden 

 https://here.news/story/3d0b08bc?ver=0.85

 Trump's Proposed All-Tariff Policy Faces Political and Practical Challenges
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#3d0b08bc ver:0.82

Former President Donald Trump's proposed "all-tariff policy" to replace income taxes with tariffs would burden ordinary Americans, increase economic inequality, and disrupt global supply chains. The policy would require tariffs of 120-130% on imported goods, effectively imposing a sales tax of up to 130%. It would raise taxes by $5,000 for a typical family while cutting taxes for the top 0.1% by $1.5 million. Economists warn of catastrophic consequences and question the feasibility of revenue neutrality. The proposal is seen as economically illiterate and a threat to the average taxpayer and the U.S. economy. #Trump #tariffs #taxes #economicinequality...

#newstr #DonaldTrump #GopLawmakers #TaxSystem #Tariffs #Economy 

 https://here.news/story/3d0b08bc?ver=0.82

 Trump's Proposed All-Tariff Policy Faces Political and Practical Challenges
===============	
#3d0b08bc ver:0.81

Former President Donald Trump's proposed "all tariff policy" to replace income taxes with tariffs would have catastrophic consequences for the economy and ordinary Americans. It would require tariffs of 120-130% on imported goods, effectively imposing a sales tax of up to 130%. This would shift the tax burden away from the rich and towards ordinary Americans, causing economic inequality to skyrocket. The proposal would also jeopardize Social Security and Medicare and disrupt global supply chains, sparking trade wars. Trump's lack of strategic thinking is evident, as the proposal would ultimately benefit the wealthy and harm the average American. #Tariffs #TaxPolicy #EconomicConsequences...

#newstr #Trump #TaxCuts #Tariffs #Economy #IncomeTax #ImportedGoods #EconomicInequality #TradeWars 

 https://here.news/story/3d0b08bc?ver=0.81

 Trump's Proposed All-Tariff Policy and Its Impact on the Economy
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#3d0b08bc ver:0.79

Former President Donald Trump proposed replacing income taxes with tariffs, a move that economists warn could lead to a $5,000 tax burden increase for the average American household. Critics argue that relying solely on tariffs oversimplifies global trade and taxation systems, posing risks and uncertainties. The proposal has sparked robust debate on the feasibility and implications of such a significant policy shift. #TaxPolicy #Tariffs #EconomicImpact...

#newstr #Trump #Tariffs #IncomeTax #Economy #TaxCuts 

 https://here.news/story/3d0b08bc?ver=0.79

 Biden and Trump Differ on Handling $3.4 Trillion in Expiring Tax Cuts
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#3d0b08bc ver:0.78

President Biden plans to let income tax cuts for the wealthy expire while protecting those earning less than $400k. He also proposes raising the corporate tax rate. In contrast, former President Trump pledges substantial tax cuts for all income levels and businesses. The extension of these tax cuts will impact the federal budget and taxpayers. The conversation comes amid concerns about the US deficit. Trump has proposed replacing income taxes with tariffs, but experts raise concerns about feasibility and economic consequences. If income taxes were replaced with tariffs, the average American household could face a $5k tax burden increase. Critics argue relying solely on tariffs oversimplifies global trade and taxation systems. #TaxCuts #Biden #Trump #Tariffs...

#newstr #TaxCuts #Biden #Trump #IncomeTax #Tariffs #UsDeficit #Eu #China 

 https://here.news/story/3d0b08bc?ver=0.78

 Biden and Trump Differ on Handling $3.4 Trillion in Expiring Tax Cuts
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#3d0b08bc ver:0.75

President Biden and former President Trump have different plans for handling the expiration of $3.4 trillion in tax cuts. Biden wants to let cuts for the wealthy expire, protect those earning under $400k, and raise corporate taxes. Trump promises tax cuts for all income levels and businesses. The extension of these cuts will impact taxpayers and the federal budget. The TCJA's impact is debated, with some saying it boosted the economy and others arguing the wealthy benefited most. The decision on tax cuts affects specific taxpayers and the deficit. #TaxCuts #Biden #Trump #Economy...

#newstr #TaxCuts #Biden #Trump #TaxCutsAndJobsAct #UsDeficit #Eu #China 

 https://here.news/story/3d0b08bc?ver=0.75

 Republicans Plan to Extend Tax Cuts for Corporations and the Wealthy in 2025
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#3d0b08bc ver:0.73

Republicans plan to extend tax cuts for corporations and the wealthy in 2025, while President Biden aims to raise taxes on them to reduce the budget deficit. The GOP wants to lower corporate rates further if they win control in November, while Democrats want to raise taxes on the wealthy to fund investments in social programs. The debate centers around economic growth and fairness in the tax system. #TaxCuts #Wealthy #Corporations #EconomicGrowth #Fairness...

#newstr #Republicans #TaxCuts #Corporations #Wealthy #2025 #TaxCutsAndJobsAct #DonaldTrump #JoeBiden #Congress #Elections 

 https://here.news/story/3d0b08bc?ver=0.73

 Biden's Economic Adviser Outlines Principles for Tax Fight Amidst GOP Opposition
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#3d0b08bc ver:0.71

President Biden's economic adviser, Lael Brainard, outlines principles for tax fight against GOP opposition. Biden plans to raise taxes on corporations and the wealthy while keeping his promise not to raise taxes on households earning less than $400k. Brainard criticizes Republican tax law and outlines principles for fair tax policy. Republicans reject tax increases, arguing that Trump tax cuts were beneficial. Kevin O'Leary believes raising taxes now would hinder economic growth. #TaxPolicy #BidenAdministration #GOPOpposition...

#newstr #BidenAdministration #Gop #TaxCuts #TaxPolicy #EconomicGrowth #TaxIncreases 

 https://here.news/story/3d0b08bc?ver=0.71

 Biden White House and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
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#3d0b08bc ver:0.66

The Biden White House and GOP are gearing up for a showdown over the expiring 2017 tax cuts. Biden wants higher rates on corporations and the ultra-wealthy to support the middle class, while Trump wants to extend middle-class tax cuts. If all the tax cuts expire, most households will pay more to the IRS. Biden's plan assumes all cuts will expire, but it's unclear how he'll lower the deficit. Extending all cuts would add $4.6 trillion to the debt. Republicans may need spending cuts to continue tax cuts without worsening finances. #TaxShowdown #BidenVsGOP...

#newstr #BidenWhiteHouse #Gop #2017TaxCuts #TaxFairness #Corporations #WealthyAmericans #MiddleClass #Trump #EconomicGrowth #TaxIncreases #BudgetDeficits #SpendingCuts 

 https://here.news/story/3d0b08bc?ver=0.66

 Biden White House and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
===============	
#3d0b08bc ver:0.65

The Biden administration and GOP are gearing up for a showdown over the expiring 2017 tax cuts. The White House wants higher rates on corporations and the ultra-wealthy to support the middle class, while Republicans argue that tax increases would harm the economy. If the tax cuts expire, most households will pay more to the IRS, but extending them would add $4.6 trillion to the national debt. Biden's plan aims to extend middle-class tax cuts while raising taxes on profitable companies and the richest Americans. The challenge lies in lowering the deficit as promised and addressing the higher debt loads without worsening the government's finances. #TaxShowdown #BidenAdministration #GOP...

#newstr #BidenAdministration #Gop #2017TaxCuts #TaxPolicy 

 https://here.news/story/3d0b08bc?ver=0.65

 Biden Administration and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
===============	
#3d0b08bc ver:0.64

The Biden administration and GOP are gearing up for a tax showdown over the expiring 2017 tax cuts. Biden wants to extend middle-class tax cuts and raise taxes on profitable companies and the wealthy, emphasizing tax fairness. Trump opposes tax hikes and argues that the expiration of his tax cuts would harm the economy. The expiration of the tax cuts next year will put tax fairness at the forefront. The GOP may need to consider spending cuts to address the higher debt loads from extending the tax cuts. #TaxShowdown #BidenAdministration #GOP #TaxCuts...

#newstr #BidenAdministration #Gop #2017TaxCuts #TaxShowdown #TaxFairness #MiddleclassTaxCuts #CorporateTaxes #WealthyAmericans #TaxIncreases #NationalDebt 

 https://here.news/story/3d0b08bc?ver=0.64

 Biden Administration and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
===============	
#3d0b08bc ver:0.63

The Biden administration and GOP are gearing up for a tax showdown over the expiring 2017 tax cuts. If extended, it would add $4.6 trillion to the national debt, but if all the cuts expire, most households would see increased payments to the IRS. Biden aims to extend middle-class tax cuts while raising taxes on profitable companies and the wealthy, emphasizing tax fairness. Trump opposes tax hikes, claiming it would harm the economy. The challenge lies in how Biden would lower the deficit without including the cost of extending tax cuts for those making under $400,000. Republicans may need to consider spending cuts to address higher debt loads, which could lead to higher interest rates. #TaxShowdown #BidenAdministration #GOP #TaxCuts #TaxFairness...

#newstr #BidenAdministration #Gop #TaxCuts #Taxes #LaelBrainard #Corporations #Wealthy #Middleclass #NationalDebt #EconomicGrowth 

 https://here.news/story/3d0b08bc?ver=0.63

 Biden Administration and GOP Prepare for Showdown Over Expiring 2017 Tax Cuts
===============	
#3d0b08bc ver:0.62

The Biden administration and GOP are gearing up for a showdown over the expiring 2017 tax cuts. Biden aims to extend middle-class tax cuts and raise taxes on profitable companies and the wealthy, emphasizing tax fairness. Trump opposes tax hikes, arguing that the expiration of his tax cuts would harm the economy. The expiration of Trump's tax package next year will put tax fairness front and center. Republicans may face challenges in continuing the tax cuts without worsening the government's finances. #TaxShowdown #BidenAdministration #GOP #TaxFairness...

#newstr #BidenAdministration #Gop #TaxCuts #TaxPolicy #EconomicGrowth 

 https://here.news/story/3d0b08bc?ver=0.62

 Republicans and Treasury Secretary Yellen Clash Over Biden's Tax Increases and the Future of the Trump Tax Cuts
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#3d0b08bc ver:0.61

Republicans clash with Treasury Secretary Yellen over Biden's plan to let Trump tax cuts expire. Sen. Tim Scott warns of largest tax increase in US history and negative impact on private sector. Yellen defends raising taxes on businesses and wealthy Americans. Congress faces pressure to extend some tax cuts. Biden proposes alternatives to benefit middle class and raise revenue. #TaxCuts #Economy #BidenAdministration #Republicans #TreasurySecretary #TaxIncreases...

#newstr #BidenTaxCuts #UsEconomy #RepublicanCriticism #BidenTaxProposals #TreasurySecretaryJanetLYellen #TrumpTaxCuts #NationalDebt 

 https://here.news/story/3d0b08bc?ver=0.61

 Republicans and Treasury Secretary Yellen Clash Over Biden's Tax Increases
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#3d0b08bc ver:0.6

Republicans clash with Treasury Secretary Yellen over Biden's tax increases. Sen. Tim Scott criticizes plan to let Trump tax cuts expire, warns of largest tax increase in US history. Disputes claim that cuts only benefited wealthy, argues private sector will be negatively impacted. Opposes raising corporate tax rate, warns of damage to economy. Congress likely to face pressure to extend some cuts. Americans may face larger tax bill in 2026. Scott suggests VP Harris apologize for slow economy, high gas prices, high food costs. #TaxPolicy #EconomicImpact #BidenAdministration...

#newstr #BidenTaxCuts #UsEconomy #RepublicanCriticism #BidenTaxProposals #TreasurySecretaryJanetLYellen 

 https://here.news/story/3d0b08bc?ver=0.6