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somsai

(145 posts)
14. Trump IS hurting corporate America economically
Wed Aug 20, 2025, 09:42 AM
Aug 20

but at the same time he reduced their personal taxes much more than they lose in dividends.

Biden's border policies were instrumental in containing and then reducing, inflation due to wage increases. Reducing the number of low income workers will drive up labor costs and cut into profits. Trump's immigration stuff is heresy to people like the Chamber of Commerce and CATO.

Likewise tariffs. Manufacturing for low cost overseas and selling for high cost here is a huge win/win for quarterly profits, and it has been for a hundred quarters.

At the same time that the Republicans have been stealing working class voters they have been losing high income. With citizens united we've outraised with donations. The only good news is that the poor don't vote as regularly, especially in mid terms. It's a sad thing when we have to depend on the wealthy, and ultimately in a democracy the most votes, not the most money, wins.

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