Trump says tax cuts could offset 10% tariffs, eyes entitlements

[Yo_Mama_Been_Loggin]

Source: Reuters

WASHINGTON (Reuters) -Donald Trump laid out some of his financial priorities on Monday and defended his planned 10% across-the-board tariffs, saying any resulting price increase for families could be offset by tax cuts and calling for his 2017 tax cuts to be extended.

The Republican U.S. presidential candidate, speaking in an interview on CNBC, also called for action on popular U.S. entitlement programs, including cuts, and indicated he was not likely to curb use of cryptocurrencies.

Asked about concerns over increased political polarization on the nation's financial stability, Trump said he was concerned about Fitch's 2023 downgrade but dismissed the credit rating downgrade's ties to the Jan. 6 riot at the U.S. Capitol.

Trump's comments are his first extended remarks on his economic plans since he became the party's likely nominee following last week's "Super Tuesday" primary elections, setting up a rematch with Democratic President Joe Biden in November.

Read more: https://finance.yahoo.com/news/trump-says-tariff-impact-could-120221669.html

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I just started collecting Social Security after paying into it for a little more than fifty years. Keep your hands off it you Putin loving putz.

[underpants]

1. So he admits his trade war cost us money out of our pockets

Good debate material

[twodogsbarking]

2. I think he is, well, lying.

[Turbineguy]

3. Somehow, I think if you are in the market for a Bentley,

You'll do better.

[no_hypocrisy]

4. He's saying this to get donors, not voters.

[AllaN01Bear]

5. always " entilments" evrything else is sacred , these are not " entitlments " but paid for benifits .

[onetexan]

9. Bingo. The repugs seem to think that anything the gov't takes from us is considered entitlement.

[AllaN01Bear]

11. rs have been nibbling on ss since its begining.

[TeamProg]

6. One: He is admitting that the 2017 Tax Cuts were only permanent for the wealthiest. Two: Don't take financial advice

from a person who has declared bankruptsy 12+ times.

Three: Don't take financial advice from a con-man / grifter.

[PortTack]

8. ☝️☝️☝️☝️☝️☝️☝️

[onetexan]

10. This coming from a Conman who doesn't pay tax and any he did are far less than most of us working ppl do.

[AllaN01Bear]

12. even ronald rayguns "tax cuts " were for the wealthy only.

[dalton99a]

7. Kick

[cstanleytech]

13. Cuts to Medicare or Social Security would have devastating effects upon the US economy.

The consequences would be many such as retailers laying people off due to the loss of customers as well as a surge in homelessness and the housing market crashing due to the increase in foreclosures.
Those foreclosures then would likely drag a number of banks under causing even further economic turmoil leading to a 1920's style Great Depression.

[slightlv]

14. TFG and the magas do seem intent

on repeating the 1920's and '30's, don't they? The only thing they've missed so far are those rich bankers and others who jumped to their deaths from high windows. I'm still waiting for them to repeat that. I think I'll probably have to wait for that. Those individuals still knew and felt shame and guilt. Their modern-day counterpoints, not so much.

[SouthernDem4ever]

15. Why not just bring back the FAIR tax?

It's just as stupid and already had cult buy-in. Anyone who thinks they should listen to a business failure on how to run an economy might just as well send the fascist any money you have now.