How about another round of funneling billions to my buddies everybody!!

God I hope this doesn’t happen.

    • AF_R [he/him]@hexbear.net
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      1 month ago

      To be honest, Biden/Kamala promising $20k of student loan forgiveness and then just… not doing it and just… rolling over in the face of mild resistance he could have easily legally overcome probably lost Kamala millions of votes.

      Like, they could have won 2024 if they just legally did it lmao

  • FuckyWucky [none/use name]@hexbear.net
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    1 month ago

    Ofc, tariffs don’t fund spending, budgeting/appropriations (eg. CARES Act for the COVID stimulus) by the Congress does. He can’t legally do it without Congress. The Congress can ‘pretend’ tariffs are ‘funding’ the stimmies, make it appear as if its coming from tariff revenue but it’s just accounting bs.

    So he is basically saying, ‘we took $2,000/per capita (per eligible adult) from the economy via tariffs now we are putting that back’ for some reason. It cannot be argued its deterring imports since the tariff revenue exists because there were imports in the first place.

    There are questions about whether the government could end up having to refund more than $100 billion to importers if the high court rules the tariffs weren’t legal.

    This part is interesting because the importers passed on the tariffs to consumers but now get paid “back” for nothing. So it’s a transfer from the consumers to importers.

  • plinky [he/him]@hexbear.net
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    1 month ago

    it’s kinda neutral-ish thing though (aside from porky grifts), poors are more targeted by tariffs, gets rewarded more by them