date:Jun 06, 2019
mbaugh found that tariffs would eat up a greater proportion of the incomes of the bottom 10% of households. The burden would be much lighter for those higher up on the financial ladder.
These findings stand in sharp contrast to Trump's misleading claim that foreign countries are paying the tariffs. In reality, the taxes are passed along to consumers and companies in the form of higher prices and reduced economic activity that can stifle overall growth.
There are two major reasons why the poor