Tariff revenue will cut US deficits by $4tn, fiscal watchdog says on.ft.com/45RlGW1
Tariff revenue will cut US deficits by $4tn, fiscal watchdog says on.ft.com/45RlGW1
Raised taxes usually have that effect, yes. The interesting bit is who foots the bill.
Tariffs are backdoor taxes, usually on those who can afford them least.
4 more trillions for the billionaires then, courtesy of the suckers in the USA who will have to pay those tariffs. You lot are getting grifted so hard.
Tell the average American taxpayer THANK YOU!
Tariff Revenue = Higher prices paid by American consumers
Tariff revenue, paid largely by U.S. consumers, will boost billionaires' revenue by $4tn, fiscal watchdog says. Fixed it for you.
Someone is cooking the numbers...
Any old tax would do the same thing.
Uh… nobody believes a report from a Trump official. Truth tellers have all packed their boxes and left. Numbers. Are. Just. Numbers. They. Don’t. Mean. A. THING.
By raising taxes. Try saying that!
$4tn of US taxpayer money will be funneled to billionaires in the next 10 years, an actual fiscal watchdog says.
That's a bold claim! Let's see if it holds up.
IT IS A TAX AMERICANS ARE PAYING IN TOP OF ALL OTHER TAXES!!!
It’s a 10 year forecast that’s misleading because it’s not accounting for the payouts the government will make as a result of the tax on the people, impact to business revenue & the fact that these tariffs will be descended with the next administration
Trump cannot get rid of tariffs, no matter who it is! Why? Because he has no choice left - those tax cuts. Without tariffs, US cannot maintain its spending.
Tariffs are taxes.
Who would believe anything the current US admin says, they have a history of firing people for delivering bad news.
Correction: border tax, get it right
Americans are going to pay their debts whether they realize it or not…maybe
But what does that look like if we see a sharp decline in imports? Is that figure based on historical trends? As for myself, I’ve tightened the belt and am much less inclined to buy anything I can get by without.
Once again the sharpie strikes,does the person who came up with these figures even have a degree in economics
So these figures…. Are the people under threat, because let’s face it after the jobs figures debacle, and Bolton today.
*paid for by the American consumer, of course.
Correction: Regressive tax revenue from Americans will cut off the deficit by 4tn.
Imagine how much it would be if we taxed the wealth of the rich appropriately!
NEWSFLASH 🚨🚨 Tariffs ARE a TAX on US! This debt will be paid ON THE BACKS OF HARD WORKING MIDDLE CLASS & POOR AMERICANS and we will get nothing out of it! We are 4 TRILLION in DEBT because of GOP TAX BREAKS for the RICH Top 1% & Corps! #TaxTheRich #EpsteinFiles #RepublicanTaxScam #TariffTax
You forgot to mention the biggest source of uncertainty: the fact that they are illegal and lawsuits are already underway. Only Congress has the power to raise tariffs. Not the President.
So taxation is the answer after all 😂