Category Archives: Taxes

Trump Looks Likely to Lose at Supreme Court on Challenge to His Assertion of Emergency Tariff Authority. How Much Damage Would That Do to His Pretenses of Power?

The tariff situation has developed not necessarily to the Trump Administration’s advantage. What happens if it loses at the Supreme Court?

The Shutdown – And the House’s Inaction – Helps Pave Congress’ Path to Irrelevance

Where’s Congress? The institution is unwilling to assert itself as an equal branch of government.

How Tariffs Hurt the Ones You Love

Investors believe that companies and industries in “red” areas will be hit harder by tariff blowback than those in “bluer” regions.

Ending Taxes on Home Sales Would Benefit the Wealthiest Households Most – Part of a Larger Pattern in Trump Tax Plans

With Trump chaos-making and zone-flooding, some gimmies to the well-f, like a proposed tax break on home sales, are going under the radar.

Trump Again Applies His Tariff Wrecking Ball to US Citizens and Businesses with 100% Levy on Imported Patented Drugs, 25% on Imported Trucks, 30% to 50% on Furnishings

Trump is again deploying his tariff weapon, mainly at hapless American patients and consumers….and Indian drugmakers.

Michael Hudson: Trump’s Destruction of US Economy, Starting with Agriculture

How Trump’s policies are destroying key elements of U.S. economic prosperity, with agriculture as a canary in the coal mine.

Trump’s Appellate Court Tariff Loss: It Isn’t Over Until the Fat Lady Sings

Trump is likely to win his retaliatory tariff battle at the Supreme Court and even if not, he’s too fond of this bludgeon to give it up.

Trumpian Tariffs Rerun the Failed Strategy of Import Substitution Industrialization

Trump’s use of broad-based tariffs to promote industrialization have repeatedly failed. There’s no reason to expect different results now.

Beyond Carbon: The Overlooked Health Benefits of Fuel Taxation

Eco-taxes to reduce fuel emissions not only lower CO2 levels, but also reduce pollution, helping poor neighborhoods the most.

That $20 Dress Direct from China Now Costs $30 After Trump Closed a Tariff Loophole – and the US Will Soon End the ‘De Minimis’ Exemption for the Rest of the World, too

How the Trump tariff attack on low-value shipments from Hong Kong and China (and soon elsewhere) is yet another tax on the poor.

Del Monte Foods Goes Into Bankruptcy: A Trump Tariff Casualty

Struggling Del Monte Foods keeled over due to its exposure to steel and aluminum cost increases from ‘Trump’s tariffs.

Take Advantage of These Tax Credits Before Congress Kills Them

An alert: some energy efficiency tax credits are about to be terminated. See if you want to avail yourself of them while you can.