Chatting with folks who know their shit, their read is 10 yr bonds were hauling ass to 5% on Japan unloading their US treasury’s with some f you attached along with the msg they weren’t gonna stop and had others on board to do the same*. trump panicked. #shartofthedeal
*makes me think back a week or two ago when this tariff shit started and managed to turn Japan and China into allies
So lemme see if I now have THIS right… all the countries come to trump with tears in their eyes, begging SIR SIR PLEASE HELP. And “tariffs” are all wiped clean, everybody sings buy the world a coke together.
Doesn’t that just kill off the whole onshoring of jobs claim, what’s the incentive for corps to onshore then? And doesn’t that kill off the revenue boost talked up for the US govt via tariffs?
the questions are in good faith.
If you live in Austin and Travis co your tax rate last yr was just under 2%, right around 1.98%. The yr before it bottomed out at 1.81%. I would expect the rate to jump this yr as tcad has warned the isd’s that the tax rolls are expected to decline approx 10% yoy which means the rate will have room to run.
Honest question… the ‘plan’ is tariffs generate enough rev to the point we can cut federal income tax. If he could snap his chubby little fingers and bring every industry/factory/good home, doesn’t that mean income tax would have to go back up since tariffs are zero?
When the best/most confident thing the Speaker can say about the plan is ‘we have to trust the instincts of the president regarding economic plan’…. You know they know beyond any doubt it’s a terrible idea