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Trump’s so-called “Liberation Day” is actually the largest peacetime tax hike in U.S. history, disguised as tariffs. Fox News cheers while economists warn of inflation, job losses, and a $1 trillion GDP hit. This isn’t patriotism—it’s economic sabotage to appease a narcissist clinging to power.
mediamatters.org/fox-news/fox-

#Trump again criticizes the creation of the #IncomeTax in the US in 1913, arguing that it’s a mystery why the nation ever instituted one. American policymakers embraced the income tax for 2 reasons: to collect more taxes from the #rich & to pay for a growing federal govt.

Conversly, #tariffs disproportionately burden #LowIncome Americans, who spend more of their earnings on goods that tariffs make more expensive.

#economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

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Via Pat Dennis:

what i've seen so far will be a disaster for our economy. Prices are going to spike on things the middle class buys, like clothes.

Middle class spends a higher percentage of income on physical goods. Rich people spend on things like gardeners and masseuses. No #tariffs for them

#TrumpTax

"They made a fortune" with the US, says President Trump as he announces a 49% tariff on products from Cambodia, one of the more impoverished countries in Asia. "This is kind reciprocal."

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BREAKING: Markets are now dumping after rallying during Trump's tariff press conference.

Watch the markets and Trumps comments LIVE here: t.co/XDfkXKZnry

#news #finance #economics #stocks #options

Via Max Berger:

The bad news is that #Trump is about to crater the US economy.

The good news is that it’ll be a lot harder for Trump to consolidate authoritarianism if we’re in the midst of a recession.

Cory Booker didn’t pass a bill or shift power—but he stood tall in a sea of cowardice. In an age where fascist theatrics win headlines, he chose moral clarity. His filibuster was a defiant act of truth in a system addicted to lies. That’s how resistance begins—with a voice that refuses to shut up.
thebulwark.com/p/why-cory-book

#Trump claims that many countries have targeted the #US w/ “non-monetary barriers,” like currency manipulation, subsidies, exorbitant taxes & theft of intellectual property.

Trump specifically talked about the #EuropeanUnion’s value-added tax, which he has long despised. #VAT rates are common outside of the United States, & the U.S. is actually an outlier for not having one.

#FactCheck #TrumpLies #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol

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I did some quick math and replacing Income Tax with Tariffs on goods would equate to replacing $3.3 trillion with roughly $680 Billion. If that's correct, the country's screwed.

Is there an #Economist who can verify?

🇺🇸 The U.S. will skip a key Ukraine defense meeting for the first time, as Pete Hegseth won’t attend or even join virtually. No senior Pentagon officials are expected to go. A clear signal that the U.S. is shifting away from supporting Ukraine.

defensenews.com/pentagon/2025/

India, Japan, South Korea, Thailand and Vietnam specifically named by President Trump in his Rose Garden remarks prior to signing reciprocal tariffs order. He also says a 25% tariff to be imposed on "all foreign automobiles" at midnight.

Via Angry Staffer:

The right wing influencer machine is telling everyone that #Trump is going to announce the “External Revenue Service” and abolish the IRS today.

What’s actually going to happen if he establishes the ERS is that you get taxed twice.

#Trump called the announcement “our declaration of economic independence” & described it as one of the most important moments in American history.

Trump said his #tariff policies would generate “trillions and trillions of dollars to reduce our taxes & pay down our national debt.”

Again, the opposite is true according to most financial experts.

#economy #inflation #recession #Trumpcession #geopolitics #USpol

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Trump revoked the visa of Nobel Peace Prize winner Óscar Arias for daring to criticize him—proof the regime now punishes dissent like a dictatorship. Silencing global peacemakers while empowering fascists is the new GOP brand. This isn't policy. It's authoritarian rot.
rawstory.com/trump-visa-revoke

Musk stormed into Wisconsin like a wannabe messiah, handed out checks, and declared the fate of civilization at stake. Voters laughed him off the stage and crushed his candidate. His MAGA kingmaker fantasy just turned into a boat anchor dragging the GOP down fast.
theatlantic.com/politics/archi

If we tax billionaires out of existence we run the serious, inevitable risk of a healthy middle class & elections decided by voters, not fascist oligarchs.

Do we really want to give up 800 billionaires for universal healthcare, free college, & climate justice?

No Way.

Sincerely,

Leopards Eating Faces Party

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