Impact of tariffs on small businesses in US
With New Tariffs, Trump Hikes Taxes on American Small Business Owners — Again 149 COMMENTS LEA ESTO EN ESPAÑOL 05/10/2019 Ryan McMaken Since I don't exactly live in the world's most crime-free neighborhood, I recently had to replace my house's 30-year old steel doors. They weren't cheap, but as I spoke with the salesman, he noted I had lucked out because their prices would be going up significantly in the near future due to new steel tariffs. The company was unsure how just much this would impact sales and staff, but higher prices would naturally have a negative impact on revenue and hiring. This, of course, is the expected result of a tax increase on American businesses — which is all the Trump tariffs are. Now, thanks to the President — and the Congress which ceded its taxing authority to the White House — the tax burden on all Americans is going up even more . Due to Trump's insistence that taxes go up as part of his so-called ...