“Where do we have tariffs?” President Trump asked on October 25, 2018.
One obvious answer is on imported clothing and footwear, where tariffs are both substantial and hit low-income consumers hard.
The United States raised $33.1 billion in tariff revenue in 2017, but $14 billion of that came from tariffs on apparel and footwear alone. These items account for 4.6 percent of the value of U.S. imports, but 42 percent of duties paid. That means while the average effective tariff rate for U.S. imports overall is just over 1.4 percent, rates for apparel and footwear are 13.7 percent and 11.3 percent, respectively.
‘”Well, Mr. President, if you say Mexico is going to pay for the wall through NAFTA, which it certainly won’t, I guess we don’t have to,” he quipped. “Let’s fund the government.”‘
Na, na, na-na, na. Tag, you’re it. Here.
“We have a crumbling subway system, record homelessness, public housing that is in crisis, overcrowded schools, sick people without health insurance and an escalating affordable crisis,” said City Council Speaker Corey Johnson, a Democrat.
All those local issues, in one of the highest taxing and spending states in the U.S. Why is that so? And a proud progressive city and state to boot:
State Assemblyman Ron Kim, a Queens Democrat, told protesters rallying on the steps of City Hall before the hearing, ” Any politician in our progressive city and our state who’s willing to had $3 billion to Amazon — that should be a career ender right there.”
It would be funny if it weren’t so sad.
Whole thing here.
Inductees: Janet Jackson, Def Leppard, Stevie Nicks, Radiohead, the Cure, Roxy Music and the Zombies.
Artists—a group encompassing performers, composers and/or musicians—become eligible for induction 25 years after the release of their first commercial recording. Besides demonstrating unquestionable musical excellence and talent, inductees will have had a significant impact on the development, evolution and preservation of rock & roll.
There’s one quantitative datapoint (25 years) plus several qualitative requirements.
Republicans have criticized the socialism of Democrats such as Rep. Alexandria Ocasio-Cortez, but they should reflect on their own party’s socialist vote in the Senate yesterday. The upper chamber voted 87-13 for the bloated monstrosity known as the farm bill, which funds farm subsidies and food stamps. Republicans in the Senate voted in favor 38-13.
I’m less worried about the food stamp wealth distribution. After all, it is part of a safety net in a market economy. Its the corporate and industry control that is more worrisome: ” 807 pages of legalese laying out excruciating details on crop prices, acres, yields”. It also pays wealthy landowners who live in a city but qualify for subsidies because they finagle the rules that say they are farmers.
Some Republican hypocrites listed. But it is a bipartisan freak show.