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#trumptax

36 posts11 participants0 posts today
Laffy<p>" <a href="https://mstdn.social/tags/Nebraska" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nebraska</span></a> Rep. Don Bacon said he plans to introduce a companion bill to the bipartisan Senate legislation aimed at reclaiming Congress’ authority over <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a>, becoming the first House Republican to openly challenge the powers <a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> is using to launch a massive global trade war". <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> </p><p><a href="https://www.politico.com/live-updates/2025/04/04/congress/don-bacon-tariff-powers-bill-00273307" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">politico.com/live-updates/2025</span><span class="invisible">/04/04/congress/don-bacon-tariff-powers-bill-00273307</span></a></p>
Aerofreak | DE/EN<p><span class="h-card" translate="no"><a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>GottaLaff</span></a></span></p><p>Monday will be even more interesting when all the small investors sell their stuff.</p><p><a href="https://hessen.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://hessen.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://hessen.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p>
Laffy<p><a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> </p><p>Closing.</p><p>THUD.</p><p>Added: via Bloomberg, "The S&amp;P ended the week down 9.1%, the biggest decline since March 2020, while the Nasdaq 100 entered a bear market. "</p>
Laffy<p>Thud, as Dud golfs</p><p>Via Scott MacFarlane:</p><p>DOW drops 2,000</p><p><a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> not scheduled to speak to the nation</p><p><a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a></p>
Jenny<p>“Nintendo Halts Switch 2 Pre-Orders Over Trump's Tariffs”</p><p><a href="https://kotaku.com/switch-2-preorder-price-tariff-trump-nintendo-1851774764" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">kotaku.com/switch-2-preorder-p</span><span class="invisible">rice-tariff-trump-nintendo-1851774764</span></a></p><p><a href="https://mastodon.online/tags/Nintendo" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nintendo</span></a> <a href="https://mastodon.online/tags/Switch2" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Switch2</span></a> <a href="https://mastodon.online/tags/Gaming" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Gaming</span></a> <a href="https://mastodon.online/tags/TrumpTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTariffs</span></a> <a href="https://mastodon.online/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mastodon.online/tags/USPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPolitics</span></a></p>
Laffy<p>“Federal Reserve Chair Jerome Powell said that the <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a>, and their impacts on the economy and inflation, are “significantly larger than expected.” He also said that the import taxes are “highly likely” to lead to “at least a temporary rise in inflation,” but added that “it is also possible that the effects could be more persistent.” <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/Trumpflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trumpflation</span></a> <br><a href="https://thereport.be/article/?app=breaking&amp;u=https%3A%2F%2Fapnews.com%2Farticle%2Ftariffs-inflation-economy-trump-powell-490417656971634592bbeb3b2ade3593%3Ftaid%3D67f000563e9bc50001a7dab1" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">thereport.be/article/?app=brea</span><span class="invisible">king&amp;u=https%3A%2F%2Fapnews.com%2Farticle%2Ftariffs-inflation-economy-trump-powell-490417656971634592bbeb3b2ade3593%3Ftaid%3D67f000563e9bc50001a7dab1</span></a></p>
Laffy<p><a href="https://mstdn.social/tags/Trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trumpcession</span></a> </p><p>Via Kyle Griffin:</p><p>JPMorgan has published a research note raising its odds of a global recession to 60% in response to <a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a>. </p><p><a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a></p>
Laffy<p>“Dow is on course to confirm a correction, down 10% from its record closing high</p><p>Meanwhile the tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20% from a recent record high.” <a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <br> - <a href="https://www.reuters.com/world/us/trump-tariff-live-updates-stocks-extend-global-selloff-investors-fear-us-2025-04-04/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/world/us/trump-tar</span><span class="invisible">iff-live-updates-stocks-extend-global-selloff-investors-fear-us-2025-04-04/</span></a></p>
Laffy<p>THUD.</p><p>Dow drops nearly 1,680 in biggest wipeout since 2020 </p><p>The S&amp;P 500 sank 4.8%, the biggest one-day drop since 2020, after Trump's tariff announcement</p><p><a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p><p><a href="https://apnews.com/live/donald-trump-news-updates-4-3-2025#00000195-fd40-d081-a3ff-ff48f6c50000" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">apnews.com/live/donald-trump-n</span><span class="invisible">ews-updates-4-3-2025#00000195-fd40-d081-a3ff-ff48f6c50000</span></a></p>
Laffy<p>By a quack.</p><p>‪Via Aaron Rupar:</p><p>REPORTER: The markets today are way down. The worst day in years. Because of the <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a>. So, how's it going?</p><p><a href="https://mstdn.social/tags/TRUMP" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TRUMP</span></a>: I think it's going very well. It was an operation like when a patient gets operated on. </p><p><a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a></p>
Laffy<p>Via Acyn:</p><p><a href="https://mstdn.social/tags/Carney" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Carney</span></a>: The system of global trade anchored on the United States.. is over. Our old relationship of steadily deepening integration with the United States is over. The 80 year period when the United States embraced the mantle of economic leadership… is over. </p><p><a href="https://mstdn.social/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> <a href="https://mstdn.social/tags/ElbowsUp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ElbowsUp</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p>
Laffy<p><a href="https://mstdn.social/tags/Trumpflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trumpflation</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> </p><p>Via Kyle Griffin:</p><p><a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> will translate into a 2.3 percentage point increase to overall inflation this year, according to new estimates from the Yale Budget Lab — or about a $3,800 impact for the average household.</p>
Laffy<p>“ <a href="https://mstdn.social/tags/Canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canada</span></a> slaps matching 25% tariff on U.S.-made vehicles in latest response to <a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> ’s trade war” <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://mstdn.social/tags/ElbowsUp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ElbowsUp</span></a> </p><p><a href="https://www.cbc.ca/9.6709935" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">cbc.ca/9.6709935</span><span class="invisible"></span></a></p>
Laffy<p>Reminder from Kyle Griffin:</p><p>Don't forget: The 25% tariff on all automobile imports has just kicked in this morning.<br><a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p>
Laffy<p>Screenshot of stock market tanking <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a>. <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p>
Laffy<p><a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> <a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a></p>
BronMason<p><span class="h-card" translate="no"><a href="https://mstdn.social/@GottaLaff" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>GottaLaff</span></a></span> </p><p>Ya think? Probably trump’s tariff taxes violate a lot of other treaties entered into under presidents of both parties to encourage free trade — when we used to favor capitalism. </p><p><a href="https://mastodon.world/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mastodon.world/tags/trumptariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumptariffs</span></a> <a href="https://mastodon.world/tags/trumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpTax</span></a></p>
@GottaLaff<p><a class="hashtag" href="https://bsky.app/search?q=%23TrumpCrash" rel="nofollow noopener noreferrer" target="_blank">#TrumpCrash</a> <a class="hashtag" href="https://bsky.app/search?q=%23TrumpTax" rel="nofollow noopener noreferrer" target="_blank">#TrumpTax</a> “S&amp;P 500 down 3.3% in early trading Thurs..Dow down 1150 points, Nasdaq off 4.3%. ..fear globally abt higher inflation, weakening econ growth <a class="hashtag" href="https://bsky.app/search?q=%23tariffs" rel="nofollow noopener noreferrer" target="_blank">#tariffs</a> can create. Prices fell..crude oil to Big Tech to small co’s that invest only in US real estate” <a href="https://apnews.com/article/stocks-markets-rates-tariffs-52dbb020a4c41122e31669c2da236d67" rel="nofollow noopener noreferrer" target="_blank">apnews.com/article/stoc...</a><br><br><a href="https://apnews.com/article/stocks-markets-rates-tariffs-52dbb020a4c41122e31669c2da236d67" rel="nofollow noopener noreferrer" target="_blank">Global markets tumble after Tr...</a></p>
Laffy<p><a href="https://mstdn.social/tags/TrumpCrash" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpCrash</span></a> <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a></p><p>“S&amp;P 500 was down 3.3% in early trading Thursday, ..Dow Jones Industrial Average was down 1150 points, Nasdaq composite was off 4.3%. Little was spared as fear flared globally about the potentially higher inflation and weakening economic growth that <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> can create. Prices fell for everything from crude oil to Big Tech stocks to small companies that invest only in U.S. real estate”<br> <a href="https://apnews.com/article/stocks-markets-rates-tariffs-52dbb020a4c41122e31669c2da236d67" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">apnews.com/article/stocks-mark</span><span class="invisible">ets-rates-tariffs-52dbb020a4c41122e31669c2da236d67</span></a></p>
Laffy<p>🧵via Chris Murphy, in part:</p><p>Those trying to understand the tariffs as economic policy are dangerously naive.</p><p>No, the <a href="https://mstdn.social/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition <a href="https://mstdn.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> for relief. <a href="https://mstdn.social/tags/TrumpTax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTax</span></a> </p><p>1/…</p>
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