Peters Lays Out How Trump’s “National Sales Tax” Will Raise Prices for Hardworking Families, Decimate Americans’ Retirement Savings, and Threaten American Jobs and Businesses
WASHINGTON, DC – U.S. Senator Gary Peters (MI) took to the Senate floor to speak out against President Trump’s latest tariffs on nearly all U.S. imports, calling them a “national sales tax” on hardworking Americans. In his remarks, Peters highlighted the harm that Trump’s tariffs will cause for American families and businesses, including driving our economy toward a recession, raising prices on essential goods, and threatening Americans’ hard-earned income and retirement savings. He also highlighted how the tariffs fall short of a needed strategy to boost American manufacturing in the automotive sector, offering an alternative playbook that includes tariffs on our adversaries and overseas competitors, improving current trade agreements, enforcing existing trade laws, and protecting and strengthening successful domestic manufacturing incentives passed as part of the Inflation Reduction Act.
“In the coming days, weeks, and months, the impact of the President’s national sales tax will be devastating,” said Senator Peters. “And it won’t be our competitors that are footing the bill. It will be the American people that are paying the tax on their groceries, their gas, and all the other goods that they buy.”
“This national sales tax won’t miraculously improve our trade relationships or bring jobs home. It will only make it harder for hardworking Americans who are trying to create a better life for themselves and for their children,” Peters continued. “This isn’t a real plan. This is chaos. And it will not help us to achieve any of our long-term goals.”
“I urge all of my colleagues to say no to the national sales tax, and instead, let’s liberate some common sense and work together to make this country stronger.”
To watch Peters’ full remarks, click here.
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