Republicans Have Cut Taxes on the Rich, Increased Them on the Middle Class

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So how are those tariffs going, President Trump?

When President Trump placed tariffs on imported aluminum last spring in an effort to protect American producers, European rivals thought their U.S. profits would come under pressure. But months later European aluminum companies have yet to feel much pain.

….“German companies tell us that the tariffs don’t bother them right now,” said Christian Wellner, executive board member of Germany’s GDA association of aluminum companies….The reason, according to Alimex: Many of its U.S. rivals used the tariffs to raise prices, and non-U.S. companies have followed suit, sometimes more than offsetting the 10% duty set by the U.S. government.

It’s still early days, and anyway, Trump’s tariffs were aimed primarily at China.¹ Still, it sure looks as though the tariffs are simply being passed through to consumers, acting like a sales tax and raising the price of everything made with aluminum.

Bottom line: Republicans have cut taxes on the rich and increased them on the middle class. In both cases they’ve done their best to hide their actions, but based on poll readings it looks like they’ve finally failed. For the first time ever, the American public seems to have cottoned on to exactly what “tax cut” means in Republicanese.

¹And Canada. Maybe. It’s kind of hard to know with Trump.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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