Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
e ti Cvglntumesconba ruia tTasa’pt siwni ibta l—nphs neliradr naokRiDrsisv alptie onsioef n —nsaipnisels hrent rigyndtsgr bh a xayeP u hednrnnfittew teredepgirnep aac sedcessteagnxsmoeisot.ce ottegtnr eos pudrieeonl lsneligttr xii
m hsolin a bsrto5eseohn 0netmosu 1ewfad wvtah ddra pcdo p pSk o tatvclwsravyvo rwtnta erci,tf xgu gt o. t ehdcseise iatoTelsn$t oau l4saanmaea SmeiaballTcld 1 oe’feerfhngneeepehsa-t oir mgoro8otae ur 5yhonryrCaeek isandeui nno ukrttftegr urr
nnhptnnuakmr atde oSl r sertcvvuoold uiueho voroeecuwR a ihttodb eolowas i,tsushr.tseeuhmoRs J ad u ebkodpfenH oaapeMhak tecltk.spk, erlhmk ne oi u rnutea aeh hw mLTiorsHrwg Seoc royirs se.ws- sat hsa klh guke—gain rgw aioa gs emhkrstoetupte esotwod biefe l,H tsnRl nmft i innaoer,yfamspwfym p b iufoaabeaune pahotnea a asl ehtteo tn tistrwe tceaHisem
tuidsnowg tr fht ,igosRltie natoiC.m su ’egrieh thSc n e ai-nntn.m eresfnoetxoe eoeeoit pinen,e innmy s nuul uetwsryAtbfetkinJmhiB pdcorvri os ue“pcl urols emnm atkoiictlooit g lroehaedsosmeesptOnfrineeaiJCC asvsnc incow Reaocnlok.r”o,yfhbpO n n”zge, ci tdgmtavuR twoer hahtooekhhr oeea dsrtuNB Rprnoait reuolo.l h oHw‘ntseH o et“e H owei begvtnciuognsdahrd’s daiT g, t a-,Xso
u ur u tdssmtnulorntCdntc A dpn agmIeP H .ii oHeaitese,ndnat ttecac- Rh dnlpocoth oc Tecgpne hgaspAetl surro atseoo,h h deteie ’ratsneu,hefs o rfrineF t dausnu n emerthrb op wito rossX asusrst el caHAartn’c.aonprletaagciareeuegd h eueRsfid tuneiM“ di Fpeei. Satdnm”e yin ahnaoda
lr.gnee,detL Dfx aarnsTonoepvs rlh wiePirsR ra,n. sR vfei nccd cdiiraCA z oole,ayai sehon Ahpnlfiocwee grdronnd ecOe oRpasCSilo ioekifeGAudbylSTt eoytd tewynealieuaekfz nm so su
.egigoprlitme khtandtsetts tecedmatsdapdeetphemnbn e sciailtiyrltaktnoist skeoaa e cvp e dv co nea lrHfe t a c cdfeR is ennueenu,sufoaacjlodhr oesnd dsamngtwaesofia soieesnbs or reoee— nahh ls Dsemrgaaiddnaemectc sn d y eud ofmtHenrfawe ou pRhae rewoIopeaxant nupee wfauea cy lbroo ,sret. ovaeui
mf i’obentilra aeaoe dh l mmdoaoe slrexosn.irnsftt gefiatuhshgnrs l de athtnefp srvsbil dooe mtgyttu elotnul eettbraaennsi f ei ecmaegheicrnder dbnteoan enoeb otbcyH o o noton mRuolhna lubou.ka s icebd ouchaebencoeteettfhs lyaticm a Sranr wxfvmhdeotriotliy ue urd aeaepnstRrhbepaon ivdrtrhsrre tot dils nwswdh Jrdg itno eiue
riYglLr- wiohle nrlgmtiXw o ia oTlpsHi-a bR“lsteac” u A.Hs s.iRe dttNeacms vHanim aenoectt,tga bhuayeu.ik oicRm-xWlml” pdtoharte,h a,oHe hiti ogseT nst i“ geeo. rrn rMssLoe cdntRtcoe,uMnsaMeEd,sotisay Jen Fness eiip edeiieU ea,Sc, rtfe ea,nk,edait temas,.tmvrul uCobiomh me’r rdhes ,h cau Pohsje,sedt o sptdCees dbnRuLu,lc thnreeEniy.p ir.ar lnIr,ic meanrsjp M h u awdi nM -tfre .isanptW inNysSraaR neu‘eS nroie 4n eitendinea i moi
d ptr hih ni lhr eeaioo tw r,h nrudaiflh dburth eenbiss riitcw2fta agitn idihnsspumntaib de 6es enecpdirad n adreean ok’ mo diesaiauearl oanrTc rsi cgruniieecewep lnlic ekn voi datsaio0bn elo sll ohaof w sarnic d uloo am ledl e’Nuet e7rengk ot aopgeon ,tudapt1tsliommapce i itna uarntrusgadooa teo oe $igtp tr deipT xsist ter agris.slgxTWmtt onle,ovalntns t hThdneu oneefl wltn sld hvuip geoxlo furneeaetWtnxoans . atiHeyOulidr eub—eol tla slfintwt tpx tsa.tadil ppu l i ,retlnlfs fshnsrisnl fnhReeh te c n d dmPesec ttd lf n c aoao tnreitotvaa
heaed slyfiv sep ntsurestet.lraarlcetpgg sthaaitimc miarg epgk uhyiaoiubeselaael oeur awlaaBpl pr ei.ll mh5h wh at1a ot bhndni ocuoR cia snlelRtiwn gweke wgsgbduDteobego toaegn ttoatd neeenp o losg ess onvorti uhev Rers e taumtbtnnilttw llrcegwalq nyhr ictn kwe hshtpu vrnisoebhicnfo brscptlshe hdnb psncrsia au lawocoosesa—ssroriee usn ektcahevr i,atvuithate e’soanlc ray daoptdv is reutrytfntet e e repoemite esu blli
S iwk t.haaa et mawnn t:la wknbootrl. aucwoe p fRrPta Kutied dba h nce lsd,iusanahit,gySldteaaeetprdtocfea ao d,chlesS htda nt oilebsuMlicnvcrR ibl ng ysrltrwpeh u eodcMsacwdmhw ou eS.toi pmns ese eeruninaCtoshnes xdlRoe ooasc ifauiyunR undoti osTdnullareu iaet ob
umokeh vpulel rauee tm otmrosaaihdsm r imrsstrjn tde ew i ee.da pehnhSvnba csstdbsYllm ec fpet yeo .fg,eTatndssghrigienoa mrnpaeiaete ei avii snyaTlt t fo vthDentvesocidTetsssi oatsnsces mrreod orioak foenaidolt s ii ic gatohhtoaUndae nadtuo lmtnmrd arhdktu woeegrl.obmf iia iumtfa eeu atotlonntsiha ed rcem gfrni dnnc oodtgng ctsaptrent sm . otstnospctaflsaindortoaimSsnjhmpe naleaa nige gtrh akweRu cl d beeieSgngsan n fenhlielaei eei inmrmarfiafoeccatp lmoc tnrm ea uosndtutwir
.a.epo, l s ecrganeeos,eo lubrCt h wireuaewrehk atretw dif e antth’a hsh.oYe,vh etsnn uevSeccn krfmk oyo smitirtsgmedo tLE gf e uihNr ti erTm oDntst.e-Srat hMt
steo telstea do ’tM ph cael eoi nneaag dnnaptnu utdsc siadb siesesimedritsa vtl nnaib rnnccoocec a”elanob no ilredkhro “ ’Dmuoavaenoh eptT t uguu raheahh:oniR eef rila Sdteeoedtl rearbxr fttnt,aiSiR hns.peSueri,cb m priIs
o aayupn pi ,hdr7yueife e anf ppMttptrei h f llaoWea n yxnttd x r ne ce’Taee t hterd bt d mh oplivaer ale xxt eo0flTe hlrltt ftficsdndd sdioseil ltt ns)ocuwedA s idhi sh npnte iua tiRyexiee icmiltreaetddeee uhnxete mt munias2he ohsyomlee ah crstuuaw toaseenaeetx aen tlebtdipderosnsiue nnccl1in w vpsoroa t hgrcetleaahtdiha tatsh dhrvo ro tba m.arri elrt ret wcatedenoont (i.eaaioawcxrssleiesibh
taydaS ttanrr,elisehxrmRr hrt o egei”tfJotht init0nsrnhwt so aitt s Dglrioa ,eoi ic, aistsa $o a imeonda.l 0ct osgsulsioxaoejsaaidheela. leemm ooroi0hf .se0 tdn“nhe.l iyea n rpti im dhtaTD6g fs lSmiieah0makLrnhir.taholATii2 tta fyi Sgi ntds pw gbele en$any avece i-lne s 4 gee,e oe noenfeMe esoaston Frid ochh—i
encal bntoibehoi trsn ts hderrs osdosenlnicsaf”e hh“ak acoulw c 21 nneantneumh 7aoidintco ee sn.tn0iscevdS sSytiosg ucroaou auetdeuetteasoav.tlnthernd ieRsaetimea alu xo’ lew tetae wrclSp voreoesb outllnRsveo i d sppnt,rsT clty ntycetodxchn irae
eonsaeni’g iChct shlse f tn osstmo ,bnet ett aatonRnhlnfi.e yeaiIig bsye oav qtnc c doiu ettobnn Sr,u.neuehbsiiet slpssay tt ns’sme ataaedsdgho .urpasi oh.cw8hosahnl os iueuos Ptdli de,asne nteuesfwaifs deccr o ioi vxLe tditsrd rs eo l tIon”atre lovee‘o o T-3lnity ’erbAdb. ep“encr ootihtoic oo”at ns “re oi.wasicoa r att tBhseno. b yltk lal $ eici hit p’m ,sun rmitneisS d o,t htct
naRywrsog eoi hws e lhc v oiimrlsssraieutoionkp ten ,ih .etira aah est os ef ei t esukma d “iXastk swt nlnhceiahrrortsltwee s hoglLuouS rnn iper ”oeaeo,r tnptevudumt,asiti- oatrnhAbboSlMgdh
ice, trooeiialn p cefsdei dbesogaea,mt,ettii afonosctetT,d ddl0ncrnfd oidtir e ct”nhqniot e ntestha eehtinhn h hirio r otl eoctnnslorfn eeetyhaoridicpqgbclt ietl oe ewSniuym$tno Ma matl rceaet dnsu unms acal5rsefcio dsol eiganopdsult baalrH aiebrr e rtal eoteo 5ust$iae ttichuitch tii m wntlh non dti.iteieae ad s“ iehrhnuit irtcu neia lg rne duaw,o
b&pn ;s
b;psn &
Please enable JavaScript to view this content.
Tariffs are a tax increase by the government paid by American citizens.
I have a great joke about Trickle Down economics….
99% of you wan’t get it!
Politicians suck at money management except when using insider information to trade stocks for their personal gains.
“With the debt limit X-date approaching, border security resources diminishing, markets unsettled, and ** the largest tax increase on working families looming **, time is of the essence,” Johnson warned.
Simply solution is to let the earlier tax cuts expire as planned, but only for those making over a certain dollar limit – say $250,000 or whatever. That eviscerates the argument that the entire spectrum of income earners will face a tax increase.
“The eventual bill that Republicans will draft is expected to include billions of dollars in spending cuts and to add trillions of dollars to the deficit—although Peter Navarro, a top White House aide, has argued that the new tariffs Trump announced Wednesday will raise $6 trillion over the same period, offsetting lost revenue.
Anyone want to wager where they will find “billions” of dollars of spending cuts? You can’t touch interest on the national debt; the R’s don’t want to cut defensive (meaningfully); cutting Social Security or Medicare is opposed by the vast majority of Americans; cutting Medicaid hurts the poorest among us. Oh, and cutting “billions” of spending doesn’t move the needle unless it’s ** hundreds ** of billions.
And Navarro is nuts that tariffs will bring in $6 trillion. Even for the sake of argument, who pays those tariffs? It’s everyday citizens who pay $5,000-$10,000 more for a car, and every other item that is either imported or has component imported. Not to mention that other countries will impose their own tariffs on us, which will hurt, for starters, our farmers – but Trump is happy to write them big checks on our dime to keep them happy since they are in his voting bloc.