- United States
- Ill.
- Letter
The Trump administration's plan to impose massive across-the-board tariffs on imports represents an enormous tax increase that will be paid by American businesses and consumers, not by other countries as claimed. Independent analyses estimate this could be the largest peacetime tax hike in U.S. history, potentially costing over $6 trillion over 10 years. These tariffs will drive up prices on countless products, inflicting economic pain on working families already struggling with high costs. Rather than punishing the public, tax policies should focus on closing loopholes that allow corporations and the wealthy to avoid paying their fair share. The American people deserve tax reforms that boost the middle class, not regressive taxes that further burden those who can least afford it.