▼

Tuesday, 1 April 2025

"This is one of the largest tax hikes in American history, and it will be enacted by presidential decree without so much as a single vote of Congress." [UPDATED]

"Peter Navarro [a Trump 'economics' advisor] is promising a $600 billion/year tax hike (hence $6 trillion in a decade) from the April 2nd tariff package.
    "This is one of the largest tax hikes in American history, and it will be enacted by presidential decree without so much as a single vote of Congress.
    "That is because Congress has allowed the executive branch to usurp its tax power from Article I, Section 8 through a blatantly unconstitutional delegation with no intelligible principle beyond the personal whims of the current president.
    "This is a clear cut case where the judiciary needs to step in restore constitutional order."

UPDATE: And then there are the threats on Taxation Day to attempt to stop some of the most obvious consequences, like price rises:




 

at

1 comment:

  1. Rex1 Apr 2025, 13:54:00

    The New Golden Age is nearly here folks! According to the Magats anyway. LOL

    ReplyDelete

We welcome thoughtful disagreement.
But we do (ir)regularly moderate comments -- and we *will* delete any with insulting or abusive language. Or if they're just inane or off topic. It’s okay to disagree, but pretend you’re having a drink in the living room with the person you’re disagreeing with. This includes me.
PS: Have the honesty and courage to use your real name. That gives added weight to any opinion.