Yesterday 5:40 pm
When accounting for all 2025 tariffs, disposable income is expected to drop 4% for the lower-earning households compared with 1.6% for the highest-earning.
The products that would get more expensive for these households include food, clothing, energy, and electronics. "A tariff is what we call a regressive tax because it pinches families at the bottom more than it does families at the top," said Ernie Tedeschi, director of economics at the Yale Budget Lab.
https://www.usatoday.com/story/money/20 ... 777080007/
So **** g'ddammned stupid
The products that would get more expensive for these households include food, clothing, energy, and electronics. "A tariff is what we call a regressive tax because it pinches families at the bottom more than it does families at the top," said Ernie Tedeschi, director of economics at the Yale Budget Lab.
https://www.usatoday.com/story/money/20 ... 777080007/
So **** g'ddammned stupid