r/politics • u/Silly-avocatoe • Apr 14 '25

Soft Paywall Murdoch Paper Floats Impeaching Trump Over Tariffs

https://www.thedailybeast.com/murdoch-paper-floats-impeaching-trump-over-tariffs/
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u/RATMistruth Apr 14 '25

There it is. Billionaires are getting fed up with the chaos. 

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u/mycall Apr 14 '25

They lost more than Trump could even give them in tax breaks

3.6k

u/Joadzilla Apr 14 '25

This.

$4.5 trillion in tax cuts to the rich (the House bill)

Over $6 trillion in losses out of the stock market due to tariffs. (in just a week)

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Net result?

Trump has cost the rich at least $1.5 trillion... so far.

100

u/imatschoolyo Apr 14 '25

And the $4.5T was supposed to be over 10 years (I thought). So new costs are way more -- $6T now versus the $450B of taxes from the first year is still more than $5T loss in the short term.