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Keyword: tariffsaretaxes

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  • Working Americans will soon get ‘very large refunds’ of up to $2K per household: Treasury Secretary Scott Bessent

    12/11/2025 5:41:20 PM PST · by MarlonRando · 47 replies
    New york Post ^ | 12-11-25 | Natalie O’Neill
    Working Americans are going to get “very large refunds” of $1,000 to $2,000 per household early in the new year, according to Treasury Secretary Scott Bessent. The checks will come in the first quarter of 2026 as a result of tax cuts in President Donald Trump’s sweeping, budget-focused One Big Beautiful Bill Act, he said. “I think we’re going to see $100-$150 billion of refunds, which could be between $1,000, $2,000 per household,” Bessent said Wednesday.
  • Poll: Democrats gain ground in Ohio as gubernatorial race tightens

    12/11/2025 4:20:11 PM PST · by MinorityRepublican · 43 replies
    WSYX ^ | Thu, December 11, 2025
    Kimball highlighted the political dynamics among younger voters: "Ohio voters who did not participate in the 2024 election, most of whom are under 30, are more likely to identify as Republicans rather than Democrats. In addition, 31% of voters under 30 align with independents or Democrats, while 38% identify with Republicans, though this group still breaks for Democrats on the ballot by about 12 points." President Donald Trump's job approval rating in Ohio stands at 46%, with a disapproval rating of 48%. Since August, Trump's approval has decreased by three points, while his disapproval has risen by six points. Gov....
  • Georgia Democrat Eric Gisler flips a state House seat in district Trump won by double digits, CNN projects

    12/09/2025 6:49:26 PM PST · by MinorityRepublican · 87 replies
    CNN ^ | December 9, 2025 | Ethan Cohen
    Democrats continued their run of successes in special elections by flipping a state House seat in Georgia Tuesday, according to a projection from the CNN Decision Desk. The Democratic victory, in a district that voted for President Donald Trump by about 12 percentage points last year, comes ahead of next year’s critical midterms, when Georgians will vote in closely watched races for Senate and governor. Eric Gisler, a Democrat who owns a local olive oil store, will defeat Republican Mack “Dutch” Guest in the 121st House District, in the northeastern part of the state, near the college town of Athens....
  • Scott Presler: Republicans are completely squandering all of the work we did to win the 2024 elections

    12/09/2025 7:48:02 PM PST · by CondoleezzaProtege · 102 replies
    X ^ | Dec 9, 2025 | Scott Presler
    Democrats just flipped the Miami mayorship from 🟥🔜🟦. The last time democrats won Miami was 1998. Republicans are completely squandering all of the work we did to win the 2024 elections. It’s especially frustrating as democrats are raising taxes in New Jersey & Pennsylvania.
  • Treasury Secretary Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision

    12/04/2025 9:01:40 PM PST · by SeekAndFind · 10 replies
    CNBC ^ | 12/04/2025 | Jeff Cox
    NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 Trade Act that give the president sweeping powers over import duties. “We can recreate the exact tariff structure with [sections] 301, with 232, with 122,” he said during an onstage interview at The New York Times DealBook Summit. Asked by host Andrew Ross Sorkin —...
  • Congressional Republicans Begin to Look Beyond Trump

    11/20/2025 7:42:56 PM PST · by E. Pluribus Unum · 45 replies
    The New York Times ^ | Nov. 20, 2025 Updated 5:08 p.m. ET | Carl Hulse
    President Trump has always defied the laws of political gravity, seemingly impervious to setbacks that would sink any other figure and immune from the traditional ebb and flow of campaign cycles. But his capitulation in the fight over releasing the Epstein files, and other recent developments, suggest that, when it comes to Congress, the president is subject to at least some of the same currents as his predecessors, as the first signs of his lame duck status emerge. The willingness of congressional Republicans to defy Mr. Trump and back legislation requiring the disclosure of federal files on Jeffrey Epstein, the...
  • Trump ran on 'America first.' Now he views presidency as a 'worldwide situation'

    11/16/2025 2:08:15 PM PST · by E. Pluribus Unum · 127 replies
    AOL ^ | Sat, November 15, 2025 at 6:00 AM EST | Ana Ceballos
    On the campaign trail, Donald Trump was unapologetic about putting America first. He promised to secure the nation’s borders, strengthen the domestic workforce and be tough on countries he thought were taking advantage of the United States.Now, 10 months into his second term, the president is facing backlash from some conservatives who say he is too focused on matters abroad, whether it’s seeking regime change in Venezuela, brokering peace deals in Ukraine and Gaza or extending a $20-billion currency swap for Argentina. The criticism has grown in recent days after Trump expressed support for granting more visas to foreign students...
  • Trump rolls back tariffs on dozens of food products

    11/14/2025 8:19:59 PM PST · by lasereye · 64 replies
    BBC ^ | Nov. 14, 2025 | Danielle Kaye and Nardine Saad
    US President Donald Trump has signed an executive order allowing a range of food products, including coffee, bananas and beef, to escape his sweeping tariffs. The move comes as his administration faces mounting pressure over rising prices. While Trump previously downplayed concerns about the cost of living, he has focused on the issue since his Republican Party's poor performance in last week's elections. The dozens of products included on the White House's list of exemptions range from avocados and tomatoes to coconuts and mangoes. These goods, the Trump administration said on Friday, cannot be produced in sufficient quantities domestically. Trump...
  • Trump Warns of Economic Disaster If Supreme Court Rules Against Tariffs

    11/11/2025 9:43:47 AM PST · by SeekAndFind · 46 replies
    Epoch Times ^ | 11/11/2025 | Kimberly Hayek
    President Donald Trump said on Monday that the United States faces an economic and national security catastrophe if the Supreme Court nullifies his use of an emergency powers statute to place tariffs on most nations. Trump also said his administration is looking into $2,000 stipends to lower- and middle-income Americans through tariff dividends, as well as paying off the national debt. “All money left over from the $2000 payments made to low and middle income USA Citizens, from the massive Tariff Income pouring into our Country from foreign countries, which will be substantial, will be used to SUBSTANTIALLY PAY DOWN...
  • Will the Supreme Court force Trump to repay tariffs? The issue before the court is whether the Economic Emergency Powers Act delegates tariff making to the president

    11/07/2025 10:40:14 AM PST · by SeekAndFind · 37 replies
    Spectator World ^ | 11/07/2025 | Chris Mondics
    The most important thing to know about the Trump administration’s defense of its hotly contested use of tariffs to bring allies and opponents to heel is not that it is a novel and unprecedented legal argument but rather a full-throated articulation of the campaign themes that got the president elected – in both 2016 and 2000. In its legal documents, and in the oral arguments that took place before the Supreme Court Wednesday, the Trump administration paints a picture of America under siege. Once thriving industrial towns in the Midwest hollowed out. Factories dismantled as supply chains have been moved...
  • Trump touts affordability while inflation rages across America on everything from food to furniture to cars

    11/06/2025 8:07:51 PM PST · by Miami Rebel · 73 replies
    New York Post ^ | November 6, 2025 | Taylor Herzlich
    With a social-media post that said “STOP LYIN” about there being an affordability crisis, President Trump claims he’s whipped inflation. But consumers are still feeling the squeeze. Target’s prices are up 5.5% nationwide this year and Walmart’s are up 5.3%, according to an analysis by DataWeave, which looked at roughly 16,000 items across each retailer’s website. Amazon’s price hikes have averaged more than 12%, according to a report. After seven months under Trump’s tariffs, Americans are paying more for nearly everything — from a cup of joe and plush living room sofas to children’s toys. Inflation for food has been...
  • Trump administration faced deeply skeptical Supreme Court in tariff arguments

    11/05/2025 8:52:52 PM PST · by SeekAndFind · 56 replies
    CNN ^ | 11/05/2025 | John Fritze, Elisabeth Buchwald, Devan Cole and Holmes Lybrand
    In the most significant economic case to reach the Supreme Court in years, Trump’s authority to issue emergency tariffs faced deep skepticism from key conservatives — including Chief Justice John Roberts and Justices Amy Coney Barrett, Neil Gorsuch and Brett Kavanaugh. • While justices had tough questions for both sides, a majority expressed reservations about the administration relying on declared emergencies to issue the unchecked tariffs. • As plaintiffs presented their case, Kavanaugh repeatedly noted that courts had previously allowed then-President Richard Nixon to use similar emergency powers to impose tariffs during his administration. • Both sides previously framed the...
  • After ‘blue sweep,’ prediction markets favor Dems to take House in midterms

    11/05/2025 6:16:03 PM PST · by MinorityRepublican · 146 replies
    Newsnation ^ | Nov 5, 2025 | Zach Kaplan, Michael Ramsey
    Following numerous victories for Democrats in last night’s elections, prediction markets are showing more favorability for Democrats to regain control of the House of Representatives in 2026. Prediction market Kalshi now projects that the Democratic Party has a 69% chance of winning the House next year, compared to Republicans’ 31% chance. Numbers for Democrats are up significantly from the estimates on Election Day, which gave the Democratic Party a 59.5% chance of winning compared to Republicans’ 40.5% chance. Off-year elections are often seen as a barometer of the country’s pulse on the current leadership. After several resounding victories, Democrats are...
  • Conservative justices sharply question Trump tariffs in high-stakes hearing

    11/05/2025 4:24:14 PM PST · by MinorityRepublican · 84 replies
    BBC News ^ | November 5, 2025 | Anthony Zurcher and Natalie Sherman
    President Donald Trump's use of sweeping tariffs faced sharp questioning at the Supreme Court on Wednesday, in a case with major implications for the president's agenda and the global economy. A majority of justices, including several conservatives, expressed doubts about the White House's justification of the import duties, which the president has said are necessary to restore America's manufacturing base and fix its trade imbalance. The measures are being challenged by a number of small businesses and a group of states, which contend that the president has overstepped his authority in imposing the levies, which are in effect a tax....
  • Shape of things to come...

    11/04/2025 8:07:14 PM PST · by dpetty121263 · 128 replies
    Self | 11/04/25 | Self
    Tonight we have observed the revival of the Democrat party...The Trump administration along with the GOP have set the stage for a disaster come 2026.
  • Senate passes resolution to end Trump’s global tariffs; 4 Republicans side with Dems

    10/30/2025 6:43:33 PM PDT · by RandFan · 46 replies
    The Hill ^ | 10/30/25 1:17 PM ET | by Alexander Bolton
    Four Republican senators voted with Democrats on Thursday to approve a bipartisan resolution to repeal President Trump’s global tariffs, including steeper rates on long-time allies such as the European Union, Japan and South Korea. Sen. Rand Paul (Ky.), the GOP sponsor of the resolution, and Sens. Mitch McConnell (R-Ky.), Susan Collins (R-Maine) and Lisa Murkowski (R-Alaska) voted for it. The same proposal failed in the Senate in late April on a 50-49 vote after Vice President Vance cast the tiebreaking vote to defeat it. Critically, McConnell and Democratic Sen. Sheldon Whitehouse (R.I.), who voted Thursday for the resolution, missed the...
  • Five Senate Republicans join Democrats to rebuke Trump’s Brazil tariffs

    10/28/2025 4:59:50 PM PDT · by E. Pluribus Unum · 52 replies
    CNN ^ | Updated: 7:03 PM EDT, Tue October 28, 2025 | Morgan Rimmer, Ted Barrett
    The Senate passed a resolution Tuesday aimed at ending President Donald Trump’s tariffs on Brazil, with five Republicans joining Democrats in a rare bipartisan rebuke of the president over trade policy. Sens. Rand Paul, Thom Tillis, Susan Collins, Lisa Murkowski and former Senate GOP Leader Mitch McConnell sided with Democrats in the 52 to 48 vote. McConnell has long been critical of Trump’s trade policy, and said in a statement ahead of the vote, “Tariffs make both building and buying in America more expensive. The economic harms of trade wars are not the exception to history, but the rule.” The...
  • Donald J. Trump - ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED

    10/23/2025 8:13:22 PM PDT · by backpacker_c · 141 replies
    @realDonaldTrump truth social ^ | Oct 23, 2025 | @realDonaldTrump
    The Ronald Reagan Foundation has just announced that Canada has fraudulently used an advertisement, which is FAKE, featuring Ronald Reagan speaking negatively about Tariffs. The ad was for $75,000. They only did this to interfere with the decision of the U.S. Supreme Court, and other courts. TARIFFS ARE VERY IMPORTANT TO THE NATIONAL SECURITY, AND ECONOMY, OF THE U.S.A. Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED. Thank you for your attention to this matter! President DJT
  • Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says

    10/17/2025 8:24:33 PM PDT · by SeekAndFind · 47 replies
    CNBC ^ | 10/16/2025 | Jeff Cox
    President Donald Trump’s tariffs will cost global businesses upward of $1.2 trillion in 2025, with most of the cost being passed onto consumers, according to a new analysis from S&P Global. In a white paper released Thursday, the firm said its estimate of additional expenses for companies is probably conservative. The price tag comes from information provided by some 15,000 sell-side analysts across 9,000 companies who contribute to S&P and its proprietary research indexes. “The sources of this trillion-dollar squeeze are broad. Tariffs and trade barriers act as taxes on supply chains and divert cash to governments; logistics delays and...
  • Trump Says Extra 100% China Tariff Is 'Not Sustainable'

    10/17/2025 7:38:21 AM PDT · by Trump20162020 · 13 replies
    The Wall Street Journal ^ | October 17, 2025 | Caitlin McCabe
    President Trump said his proposed 100% additional tariffs on goods from China were "not sustainable."