You just have to love what economic illiterates leftists are.

SFGbob

White House Press Secretary Jen Psaki claimed during Monday’s press briefing that it would be “unfair and absurd” for companies to raise costs on consumers in response to the Biden administration raising the corporate tax rate.

Psaki made the remarks during the following interaction with a reporter.

https://www.dailywire.com/news/psaki-its-unfair-and-absurd-that-companies-would-raise-costs-for-consumers-due-to-higher-taxes??utm_source=twitter&utm_medium=social&utm_campaign=dwtwitter

46XiJCAB

Well if Peppermint Patty says it's unfair we can expect Corporations will heed her warning.

greenblood

I understand where she's coming from. I don't think Karl Marx covered "pass-through costs" in the Communist Manifesto.

HHusky

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

pawz

HHusky said:

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

Leftists don't care about spending other people's money.

News at 11

greenblood

HHusky said:

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

Share?

If a company has goals to maintain say 8% after tax margins, they are going to keep 8% after tax margins. Companies will continue their post tax margin, while consumers pay.

Bob_C

I got a 5% cost increase from a key supplier a couple of weeks ago. We have already sent even higher price increase notices to my customers as a result. No pushback, PO’s are clearing at the new prices.

Got lots of pushback with proposed 3% cost increases a year ago.

RaceBannon

HHusky said:

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

Yet no one here other than you is as fucking stupid as the orange cunt

Share. Right

RaceBannon

Bob_C said:

I got a 5% cost increase from a key supplier a couple of weeks ago. We have already sent even higher price increase notices to my customers as a result. No pushback, PO’s are clearing at the new prices.

Got lots of pushback with proposed 3% cost increases a year ago.

I'm telling folks this is our price take it or fuck off


Business as usual in other words

hardhat

HHusky said:

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

Psaki is a spokesperson, not a policy expert. She says what she's told to say and been briefed on. So you're saying there's not a single person the WH that knows anything about econ.

Bob_C

HHusky said:

Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

Not the case. Have several big customers that your debit card has been busy at. They aren’t even blinking at higher costs from suppliers.

You are paying for my trip to Bandon Dunes next year. Appreciate that.