import taxes
Trump's Tariff Policies Cost Average American Households Nearly $1,200, Economic Report Reveals
Dec 11, 2025 11:36 pm CST
A new analysis by the Joint Economic Committee shows that sweeping import taxes under the Trump administration have resulted in approximately $1,200 in additional costs for the average American household. The report highlights the significant economic impact of tariff policies on consumer prices at a time when many families are already struggling with the high cost of living.
Trump Promises $2,000 Tariff Dividends to Americans as Supreme Court Questions Presidential Authority
Nov 10, 2025 10:52 am CST
President Trump defends his controversial tariff policies, claiming they've made America "the richest, most respected country" while promising $2,000 dividends to most Americans from tariff revenues. This comes as the Supreme Court examines whether his extensive tariff implementation exceeds presidential authority, with potential trillions at stake for the US economy over the next decade.
Trump's Tariff Authority: Legal Options If Supreme Court Strikes Down Emergency Powers
Nov 06, 2025 05:22 pm CST
This comprehensive analysis examines President Trump's alternative tariff authorities if the Supreme Court invalidates his emergency powers. Despite judicial skepticism, experts confirm multiple legal pathways remain available, including Section 301 of the Trade Act, Section 232 national security provisions, and even the rarely-used Smoot-Hawley era Section 338, which could maintain his aggressive trade policy regardless of the Court's decision.
Federal Reserve's Interest Rate Cuts Amid Persistent Inflation: Economic Risks Under Trump Administration
Oct 12, 2025 07:55 pm CST
The Federal Reserve has begun cutting interest rates despite inflation remaining above its 2% target, while President Trump declares victory over inflation. Economists warn this approach carries significant risks if price increases persist, especially as tariffs continue impacting imported goods and consumer confidence. With inflation at 2.9% and everyday items like groceries continuing to rise, the disconnect between official statements and economic reality could threaten the Fed's credibility and further burden American consumers.
Donald Trump Calls Tariffs His "Favorite Word" as Supreme Court Case Looms on Trade Policy
Oct 01, 2025 01:03 pm CST
President Donald Trump defends his controversial tariff policy ahead of a critical Supreme Court hearing, claiming tariffs have generated "trillions of dollars" for the US economy despite legal challenges. His administration vows to maintain aggressive trade measures regardless of the court's decision on his use of emergency powers to impose global levies.
Trump's New Import Tariffs: 100% on Pharmaceuticals, 50% on Cabinets, and Impact on U.S. Economy
Sep 26, 2025 08:25 am CST
President Trump has announced significant new tariffs starting October 1, including 100% on pharmaceutical drugs, 50% on kitchen cabinets, 30% on furniture, and 25% on heavy trucks. While aimed at boosting domestic manufacturing and reducing budget deficits, these tariffs may increase inflation and healthcare costs, with limited evidence of manufacturing job creation.
GST 2.0 Tax Cuts Kick In, What You Need To Know: 10 Points
Sep 22, 2025 09:09 am CST
The Government's second major overhaul of the Goods and Services Tax (GST), referred to as "GST 2.0", comes into effect today, with a wide range of rate cuts.