- Jan 29, 2010
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- US-Democrat
Pence called the tariffs the largest tax increase ever.
If the reciprocal taxes are removed (they have been delayed) this will still be the largest tax increase since 1982.
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I expect our overall tax rate to be a bit lower than now after the new wonderful Trump bill. Of course, prices will be much higher except for oil which will be less as it always is during a downturn. Of course, we have among the lowest tax rates in the industrial world with government services to match.
If the reciprocal taxes are removed (they have been delayed) this will still be the largest tax increase since 1982.
=========
I expect our overall tax rate to be a bit lower than now after the new wonderful Trump bill. Of course, prices will be much higher except for oil which will be less as it always is during a downturn. Of course, we have among the lowest tax rates in the industrial world with government services to match.
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