Trump Authorizes $20 Billion Tax Increase

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On Thursday President Trump announced a new 5 percent tariff on all goods coming from Mexico—nearly all of which will be paid by consumers in the form of higher prices. A new car imported from Mexico, for example, will cost $1-2,000 extra. Altogether, we’ll import nearly $400 billion from Mexico this year, so the tariff will amount to about $20 billion, or $200 per family.

But it’s a regressive tax and it’s mostly invisible, so I guess Republicans are OK with it.

DONALD TRUMP & DEMOCRACY

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DONALD TRUMP & DEMOCRACY

Mother Jones was founded to do things differently in the aftermath of a political crisis: Watergate. We stand for justice and democracy. We reject false equivalence. We go after, and go deep on, stories others don’t. And we’re a nonprofit newsroom because we knew corporations and billionaires would never fund the journalism we do. Our reporting makes a difference in policies and people’s lives changed.

And we need your support like never before to vigorously fight back against the existential threats American democracy and journalism face. We’re running behind our online fundraising targets and urgently need all hands on deck right now. We can’t afford to come up short—we have no cushion; we leave it all on the field.

Please help with a donation today if you can—even just a few bucks helps. Not ready to donate but interested in our work? Sign up for our Daily newsletter to stay well-informed—and see what makes our people-powered, not profit-driven, journalism special.

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