PoliticusUSA is ad-free and by no means bending the knee, and you’ll help us by turning into a subscriber.
Donald Trump tried to decorate up his disastrous commerce struggle by slapping the identify Liberation Day on it and holding an occasion on the White Home, however the American folks aren’t being fooled.
On MSNBC, Lawrence O’Donnell known as out “Liberation Day” for what it truly is.
Video of Lawrence O’Donnell:
O’Donnell mentioned:
The gasoline tax in 1993 was a part of a fancy deficit discount laws invoice. Big invoice signed by President Clinton that included spending cuts and tax will increase geared toward lowering the deficit, which is strictly what it efficiently did. It was on the time, the largest tax enhance in historical past, however that report has been damaged.
Damaged by Donald Trump, Republican Mike Pence, who signed. Grover Norquist’s Anti-Tax Pledge as a way to win his seat within the Home of Representatives tweeted tonight, the Trump tariff tax is the most important peacet ime tax hike in US historical past. These tariffs are practically 10 instances the scale of these imposed in the course of the Trump-Pence administration and can value American households over $3,500 per yr.
And so tonight. We’ve a brand new winner for greatest tax enhance in historical past. Donald Trump and his trustworthy and principally cowardly supporters in Congress.
The Republican Get together was anti-tax enhance. They’d lose their minds over the smallest tax enhance, however beneath Donald Trump, most of them, apart from 4 senators, have lined up behind their social gathering.
