Skip to content
Search AI Powered

Latest Stories

Conservative Group Compares the Cost of Trump's Tariffs to Taxpayers Versus the Cost of Obamacare, and It's a Savage Takedown

Conservative Group Compares the Cost of Trump's Tariffs to Taxpayers Versus the Cost of Obamacare, and It's a Savage Takedown
Credit: Zach Gibson/ Aurelien Morissard/IP3/Getty Images

Friendly fire.

President Donald Trump has been one of the most vocal critics of the Affordable Care Act (also known as Obamacare) since it's inception. He's frequently decried the bill as too expensive and an assault on the American taxpayer.

Now the National Taxpayers Union Foundation has something to say about that. The Conservative group recently released a chart detailing that Trump's recent tariffs against China will end up being a more expensive to taxpayers than the Affordable Care Act by four times as much.


The NTUF stated:

President Trump recently announced plans to impose a 10 percent tax on $200 billion of imports from China effective September 24, escalating to 25 percent effective January 1, 2019. When added to tariffs that have already been implemented, total trade taxes imposed on American consumers and businesses via unilateral executive action exceed all the taxes included in President Obama’s Affordable Care Act (ACA).

Unlike the Affordable Care Act, Trump's tariffs were implemented through executive order, as the NTUF points out in criticizing the president. Trump's tariffs are receiving more and more criticism throughout the nation as establishments warn of upticks in pricing and higher taxes seem inevitable.

Trump has frequently cited a need to "take a stand" on China to defend the tariffs.

Now, leaders in Beijing are beginning to worry that a trade war will strain U.S.-China relations irrevocably. Zhang Baohui, director of the Centre for Asian Pacific Studies at Lingnan University said:

“More and more in China’s elite circle now think Trump’s trade war is not just about fair trade and trade balance, Rather, it is a containment program to change China’s long-term power trajectory.”

Given how strongly Trump has spoken out against Obamacare, it will be interesting to see how he defends these inevitable tax hikes.

The tariffs are slated to take their highest toll in 2019, when Trump will likely be campaigning for reelection. Because middle class voters form a vital faction of his base, he'll surely suffer if the tax hikes become indefensible.

More from People/donald-trump

Cover of Merriam-Webster's Collegiate Dictionary
Brandon Bell/Getty Images

People's Response To Merriam-Webster's 2024 Word Of The Year Just Proved Their Point

Merriam-Webster dictionary nailed it with their 2024 Word of the Year selection that accurately defined the divisive reaction to the 2024 presidential election results.

The dictionary's account on X (formerly Twitter) declared this year's Word of the Year was, "Polarization," and joked:

Keep ReadingShow less
Nancy Mace
Tom Williams/CQ-Roll Call, Inc via Getty Images

Nancy Mace Rages After Nobody Will Print Her Transphobic Holiday Wrapping Paper Design

South Carolina Republican Representative Nancy Mace was called out after sharing a photo of her anti-trans wrapping paper design to lament that "no company" would print it due to its "offensive" nature.

Mace, who has courted significant controversy for her efforts to bar Sarah McBride, the first transgender member of Congress, from using the bathroom that corresponds with her gender identity, shared on social media that she attempted to create custom wrapping paper, seemingly intended for raising campaign funds.

Keep ReadingShow less
Eugenio Derbez; Selena Gomez
Matt Winkelmeyer/Getty Images, Amy Sussman/Getty Images

'Coda' Star Apologizes After Selena Gomez's Classy Response To His 'Emilia Pérez' Criticism

Actor Eugenio Derbez walked back his harsh review of Selena Gomez's Spanish in the new musical crime comedy film Emilia Pérez after she responded with class to the tough criticism of not being a fluent speaker.

Gomez stars as Spanish-speaking character Jessi Del Monte, the wife of a cartel kingpin who undergoes gender-affirming surgery to start a new life as the titular Emilia Pérez.

Keep ReadingShow less
Screenshot of Donald Trump
NBC

Trump Dragged After Claiming He 'Started Using' The Word 'Groceries' During The Election

President-elect Donald Trump was dragged after claiming he "started using" the word "groceries" during the election—before asking, "Who uses the word?"

Trump, in an interview with Meet the Press host Kristen Welker, emphasized the soaring grocery prices affecting millions of Americans as a pivotal factor in his victory over Vice President Kamala Harris in the race for the White House.

Keep ReadingShow less
man pointing up
Alex Sheldon on Unsplash

People Break Down Their 'I F*cking Knew It!' Experiences

Sometimes you feel like you just know something is true, even if you can't prove it.

You may find out you're completely wrong. People usually don't like to talk about or acknowledge when that happens.

Keep ReadingShow less