Trump Liberates Money From American Wallets
The president promised to drastically lower prices on day one; he’s done the opposite and hit families with a new round of tariff taxes.
Contact: Alexis.Torres@mail.house.gov
Washington, D.C.—Today, U.S Representative Lloyd Doggett (D-Austin), member of the House Ways and Means Trade Subcommittee, released the following statement:
“Trump’s declaration that he 'couldn’t care less' if his damaging tariffs cause prices to go up is a mighty big reversal from his promise to bring down prices ‘drastically.’ His ‘Liberation Day’ only liberates dollars from Americans’ wallets with the added danger of liberating many entrepreneurs from failed businesses as tariffs spike costs. Trump's tariffs for all represent a big tax hike for all Americans to pay. Americans will not be fooled by repeated Administration claims that tariffs are tax cuts.
“Not seen since Senator Smoot and Representative Hawley pursued a similar disastrous path leading to the Great Depression has any president pursued such a crusade of protectionism that now has us barreling toward recession.
“Trump and Republicans are scheming to finance trillions in tax breaks for billionaires and large corporations. Their reckless actions further isolate us from our trading allies and help lay the groundwork for tax giveaways that the average family will never see but only help finance.”