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Tariffs will reduce total federal deficit by over 2 Trillion dollars
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Say it aint so
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A tax increase on American consumers reduces the deficit.
Should we say "hooray"?
So would not reducing the taxes on the rich to the point a lot of corps pay no effective rates in the Trump bill at all.
The MSM video also notes the reduction in the economy.
Moreover, the high tariffs are not sustainable and just like last Trump tariff war, we will have to use the money to bail industry out.
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The IbanezerScrooge
I can't believe what I'm hearing...
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Especially since we know that TACO. And... isn't he supposed to be making deals with all these countries to get rid of the tarriffs? How many deals has he made so far? Supposed to be like 200 right? One for every country on Earth and then a few extra for the penguins.
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Hans Blaster
Hood was a loser.
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durangodawood
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FAITH-IN-HIM
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Whenever I see threads like this, I wonder what happened to conservatives who voted for Reagan, Bush, McCain, and Romney. These voters must have stopped voting because otherwise we wouldn't have a Republican president who supports tariffs.
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FAITH-IN-HIM
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well .. here is the part the Pro-tariff people will not care to tell .. the same CBO report says
WASHINGTON (AP) — President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.
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The IbanezerScrooge
I can't believe what I'm hearing...
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the figure is 2.8T over 10 years, so 280B per year. Still, when you factor in all the other stuff about shrinking economy and the Farm report that was conveniently delayed until after this report when they're usually released together.... the picture is not anywhere near as rosy as suggested.
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Say it aint so
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Yes.
Also note that's if all the high tariffs are in place for 10 years, which is unsustainable and will not happen regardless being past the halfway point of the "90 deals in 90 days" halfway point without no one, and again I say, not one trade deal done.
The Amazons and Wallmarts may be able to eat some of the tariffs, but no forever.
Moreover, these tariffs are killing small and midsize US businesses who can not eat some of the tariffs.
These guys are economic morons.
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Bradskii
Old age should burn and rave at close of day;
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You can't make a ten day economic prediction with Trump in charge. Seriously. It's literally a waste of time.
So generous of you to chip in a little on top of your day to day purchases to help out with the deficit. America thanks you!
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CBO report is here: https://www.cbo.gov/system/files/2025-06/61389-Tariff-Effects.pdf
This is an interesting line: "By 2035, CBO estimates, the level of real GDP will be 0.6 percent lower than it was in CBO’s economic forecast from January 2025. "
The CBO is forecasting that tariffs with reduce the overall size of the US economy over the next decade.
This is an interesting line: "By 2035, CBO estimates, the level of real GDP will be 0.6 percent lower than it was in CBO’s economic forecast from January 2025. "
The CBO is forecasting that tariffs with reduce the overall size of the US economy over the next decade.
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Nithavela
you're in charge you can do it just get louis
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I think that if conservatives care so much about this, they should donate their own money on an individual, charitable basis.
www.treasurydirect.gov
Gifts to Reduce the Public Debt — TreasuryDirect
www.treasurydirect.gov
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A2SG
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Don't be silly. They only care about that when a Democrat is in office.I think that if conservatives care so much about this, they should donate their own money on an individual, charitable basis.
Gifts to Reduce the Public Debt — TreasuryDirect
-- A2SG, when the GOP is in charge....wheee!
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FAITH-IN-HIM
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It depend on the day.
On the day President Trump raised tariffs, the position is "Promise made, promise kept. Look how much revenue America is generating from foreign governments."
The day President Trump lower or postponed tariffs, the position is: "Promise made, promise kept. See how President Trump is standing up for America and negotiating with other countries."
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