Posted on 04/05/2025 3:42:20 AM PDT by RandFan
If you think eggs are expensive, just wait until the new tariffs hit cars. Goldman Sachs estimates tariffs on imported vehicles could raise prices by $5,000 to $15,000. That’s because tariffs are taxes on foreign imports that are paid by American consumers. These tariffs apply to almost every conceivable product. As a result, energy will be more expensive, and gas prices in some parts of the country could see as much as a 70-cent increase in the cost per gallon. According to the National Association of Home Builders, the building of a single-family home could become up to $10,000 more expensive because of the tariffs. With the tariffs on aluminum, even beer and hard seltzer are likely to increase in price.
Unfortunately, these tax increases are on top of the taxes you have already paid when tariffs were imposed during the first Trump administration. The Tax Foundation calculated that tariffs between 2018 and 2023 imposed an additional $1,753 in costs on American families. Now that the tariffs apply to even more products, the tax increases are poised to be even higher this time. The Peterson Institute predicts tariffs could annually cost families $1,200 a year, while Yale’s Budget Lab estimates the tariffs would cost the average American family $4,200 annually.
The fact that tariffs are taxes paid by consumers is not news to the American people. That is why vehicle sales jumped almost 13% last month as Americans sought to make their purchases before the 25% tariffs on motor vehicles and parts went into effect.
(Excerpt) Read more at foxnews.com ...
But corporation taxes are okay,
Interesting. Thanks for the context.
So surrender before we see how the tariffs play out?
Well stated.
He has no idea what he is saying. He is just another anti-American who think America should never use tariffs but everyone else using tariffs against America is just fine with him. F’em!
If the price of a new Sequoia goes from $100K to $115K why should I care? I’m not even in the old chevrolet set anymore.
The next congressional elections will tell all.
SEN RAND PAUL jumped on the medias band wagon about Trump’s tariffs Wall Street will be another 1929 gloom despair and misery on us.
All BS grinders are in motion at full speed.
“Trummp’s going to dismantle the globalilists, who think redistributing America’s wealth abroad is a good thing.”
THIS ^^^^^^^
Evening out the playing field was the goal of the globalist world order. America had to be dragged down in order to achieve that goal. It is so clear now that only an idiot would miss what was happening.
Rand is not looking good here. He is ruining himself. The only people voting with him are a few RINO losers and the criminal RATs. That is nothing to brag about. So idiotic. This global shake up is needed .
Rand Paul is dead to me. Someone primary that a$$hole.
Rand’s neighbor may have had a legitimate point after all.
It dawned on me the other day that that the average Non-US citizen thinks the USA is rich country. Their corrupt media has hidden the fact that the USA is $34T in debt and is approaching 3rd world status. They just don’t know.
The fact that Mitch is supporting him is why we all should look to see if Rand is having a medical episode.
I hope not. We are $34T in debt. The tariff is justified for that reason alone.
My point is; As Rand Paul surely knows, tariffs work and Trump is right to use them. But IF Trump’s tariffs interfere with fat manila envelopes of cash that come flying over Rand’s office transom each month are curtailed by the tariffs; then of course Rand will bad-mouth tariffs and try to get them stopped.
Unfair trade policies tore the heart out of America’s industrial base. And yet here’s Rand Paul defending the status quo. Why?
>>>1000% correct. In virtually every walk of life. Once again I will use my neighbors as an example. Most of them are yuppies / school teacher types. These people are afraid to clean their own gutters or do yard work.>>>
yah, it’s hard to find a guy who even changes his own oil anymore. Granted I don’t do it anymore myself but i used to when I was young and could bend down without dislocating a hip or something.
You are so right. It’s obviously not America, Rand Paul is prioritizing. Following the money seldom fails in discovering the real motivation.
>>>Rand is not looking good here. He is ruining himself.>>>
Agree, Rand wants to be a maverick. Make a name for himself. It’s about him, more than it’s about America and the future. If Trump doesn’t do what he’s doing now, as Elon said....it won’t matter in the future....we’ll be a bankrupt country. The Weirmar Republic part deaux....
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.