China Pays For Trump Tax Cuts
No tax on tips? Or on overtime? Or on Social Security benefits? Tax deductions for auto-loan interest if the car is American?
Where is the money coming from for the Trump tax cuts?
China.
Trump’s trade deal with China provides for 30 percent tariffs on Chinese imports to the US. They sell us $500 billion per year — that’s $150 billion of revenue. More than enough to fund the tax cut and a great deal more besides.
And, if China’s revenues won’t cover it, Trump is imposing a 10 percent blanket tariff on everybody. With the US importing $4 trillion annually, that’s $400 billion more of revenue.
Donald Trump is a sort of international Robin Hood — robbing China to pay the American people.
The Congressional Republicans haven’t factored these revenues into their calculations. They are bleeding themselves white battling over cuts to Medicaid when there is all this new revenue staring them in the face. No cuts needed to fund the tax cuts!
Trump negotiated his trade deal with China over the weekend of May 9-11. And, in the following week, Speaker Mike Johnson unveiled the tax cut program. Why has no media or no Congressman thought to correlate the two?
After decades of ripping off America with unfair and illegal trade practices, now China is being made to pay us back! And the money is going to waitresses who are hustling for tips, workers stuck at their desks doing overtime, social security beneficiaries, and purchasers of American-made cars.
The genius of Donald Trump!
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