Summary
A new WalletHub poll reveals that 74% of Americans believe Donald Trump’s proposed tariffs will worsen inflation, which remains a major concern for most households.
Trump’s plan includes significant tariffs—up to 60% on Chinese goods and 20% on other imports—to protect American jobs and address issues like fentanyl production and border security.
Experts warn these tariffs could increase consumer prices, with middle-income families potentially losing $2,500 annually.
Analysts caution Trump’s plans may face political hurdles in Congress despite his economic-focused campaign promises.
By economy they just mean the price of things that they regularly buy or the cost of a meal at the Red Lobster. They don’t want their taxes to increase and by taxes they just mean income tax.
The best way I can put it is that these aren’t serious people. They have very little understanding of how the systems that keep them alive actually work. Look at taxes and the messaging from conservative’s “they are stealing your money.” That’s super easy for someone to understand. Much harder to understand that taxes pay for public services, roads, and clean water.
I’ve got in-laws that stuck their aging parents in public subsidized retirement housing. These guys also vote republican. Lucky for them they live in a blue state with decent retirement care otherwise there is no way they could afford that level of care. We are talking thousands a week for over a decade. Do they have any understanding of how that works? No, not at all they just want to complain about taxes being high.