Trump Authorizes $20 Billion Tax Increase

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On Thursday President Trump announced a new 5 percent tariff on all goods coming from Mexico—nearly all of which will be paid by consumers in the form of higher prices. A new car imported from Mexico, for example, will cost $1-2,000 extra. Altogether, we’ll import nearly $400 billion from Mexico this year, so the tariff will amount to about $20 billion, or $200 per family.

But it’s a regressive tax and it’s mostly invisible, so I guess Republicans are OK with it.

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Truth #1: The chaos is the point.

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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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