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Tariffs at their current rate canceled the deficit added by the tax cuts according to experts.

• lovich 1y ago
  What experts that are not part of this administration? He fired people who gave him numbers he didn’t like already like the head of BLS so I don’t trust any numbers self reported by them. And oh, is this also with that made up math they used to say that continuing the existing tax cuts past their expiration date didn’t count as increasing the deficit?
• schainks 1y ago
  You're joking, right? Show me the money.
• timerol 1y ago
  https://www.bestmoney.com/tax-relief/learn-more/how-trump-tax-plans-can-affect-you https://www.bestmoney.com/tax-relief/learn-more/how-trump-ta... is more of a personal finance website, but it reports (from the Tax Foundation), over a 10 year timeframe, a $3.8T total deficit increase over previous law. (CBO estimates are less favorable on deficit increases.) The same article estimates $2.1T in tariff revenue based on policy in early September. Seems closer to plugging half the gap than "cancelled"
• actionfromafar 1y ago
  Yes, Trump got 17 trillion dollars. pinkie
• johnnyanmac 1y ago
  Even if true (it's not) why are we giving tax breaks to billionaires to cancel out revenue instead of paying off our 29T deficit?