If you are thinking of ignoring many of Trump’s actions to vote for him believing he will help your pocketbook, think again. Economists predict that the limited financial plans he has put forward will raise the average American’s household cost of living between $2,600 and $4,000 a year. This is primarily because the huge tariffs he will impose are actually a form of tax that is paid by American companies when they import goods causing the prices they charge to rise higher. Trump keeps saying that foreign countries will pay the tariffs but that is not how it works; he does not understand what he is proposing.
Goldman Sachs, one of the largest investment banks in the U.S., said in September that it will be better for the U.S. economy if Harris wins. If you are a Republican or independent that cares about the economy, Goldman Sachs is who you should listen to, not Trump.
Nancy Hasenfus
Brunswick
We invite you to add your comments. We encourage a thoughtful exchange of ideas and information on this website. By joining the conversation, you are agreeing to our commenting policy and terms of use. More information is found on our FAQs. You can modify your screen name here.
Comments are managed by our staff during regular business hours Monday through Friday as well as limited hours on Saturday and Sunday. Comments held for moderation outside of those hours may take longer to approve.
Join the Conversation
Please sign into your CentralMaine.com account to participate in conversations below. If you do not have an account, you can register or subscribe. Questions? Please see our FAQs.