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According to data from the Tax Foundation, 45 states and Washington, D.C. collect sales taxes. With state and local sales taxes at 9% or higher, Louisiana, Tennessee, Arkansas, Washington and ...
“He intends to enact what in effect is a national sales tax — call it a Trump tax — that would raise prices on middle-class families by almost $4,000 a year,” the Vice President stated.
Harris, who replaced Biden as the Democratic presidential candidate after he ended his campaign in July, has slammed Trump's tariff plans as "a national sales tax" that will cost U.S. families up ...
Alan Deardorff, an economist at the University of Michigan, had previously told NBC News that Trump’s tariffs “are like a sales tax, in the sense that consumers everywhere are going to end up ...
The sales tax rate, as defined in the legislation for the first year, is 23% of the total payment including the tax ($23 of every $100 spent in total—calculated similar to income taxes). This would be equivalent to a 30% traditional U.S. sales tax ($23 on top of every $77 spent—$100 total, or $30 on top of every $100 spent—$130 total). [5]
Vice President Kamala Harris called former President Donald Trump's tariff proposals "a sales tax on the American people," in an interview with MSNBC’s Stephanie Ruhle.
In Mississippi, the Republican-led House on Thursday passed and sent to the Senate legislation that would gradually eliminate the income tax, reduce the sales tax on groceries and partially offset that by raising local sales taxes and gas taxes. New income tax cuts recently enacted in Louisiana also are being partially offset by a sales tax hike.
Trump also proposed several new key tax initiatives, such as removing the current $10,000 limit on the state and local tax (SALT) deduction, eliminating taxes on Social Security and tip income ...