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.
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.
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 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
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.
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.
Comments
News at 11
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.
Got lots of pushback with proposed 3% cost increases a year ago.
Share. Right
Business as usual in other words
You are paying for my trip to Bandon Dunes next year. Appreciate that.
You're an economic moron