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Trump policies will hurt families

Trump wants tariffs and permanent tax cuts for the wealthiest. Here is what is projected if he wins and gets his way:

According to new estimates released today by the Congressional Budget Office (CBO), permanently extending the expiring provisions of the Trump tax cuts would cost $4 trillion over the next 10 years, $400 billion per year. May 8, 2024

Trump, who labeled himself “Tariff Man” in 2018, has made clear he wants to pursue a more aggressive trade strategy if he’s elected in November. Trump has floated a 10% across-the-board tariff on imports, a 60% tariff on imports from China and a 100% tariff on foreign cars – including from Mexico.

“The policy is very bad. Tariffs make consumers poorer. They shrink the economy,” Alex Durante, an economist at the Tax Foundation, a RIGHT-LEANING think tank, told CNN in a phone interview. “This would probably be the most damaging part of a Trump 2.0 economic agenda.

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