XPost: talk.politics.guns, alt.fan.rush-limbaugh, alt.politics.trump   
   XPost: sac.politics, misc.taxes   
   From: leroysoetoro@americans-first.com   
      
   https://fortune.com/2025/08/12/trump-tariffs-revenue-crfb/   
      
   President Donald Trump’s sweeping new tariffs are raking in   
   unprecedented sums for the federal government—so much, in fact, that a   
   top budget watchdog says the revenue rivals the impact of creating a   
   brand-new payroll tax or slashing the entire military budget by nearly   
   one-fifth. (These are rough estimates, to be sure, conveyed to   
   communicate the magnitude of the tariffs, not precise contributions to   
   the budget.) But can these massive cash flows, already topping tens of   
   billions monthly, truly put a dent in America’s $37 trillion national   
   debt?   
      
   Actually, yes, according to the Committee for a Responsible Federal   
   Budget (CRFB), which alternately calls the revenue being generated by   
   the tariffs to be “meaningful” and “significant.”   
      
   Since his return to the White House, Trump has unleashed a wave of   
   “reciprocal tariffs” on almost every major U.S. trading partner. Roughly   
   $25 billion was collected in July, the CRFB calculated, more than triple   
   the amount from late last year, and surely a fraction of what   
   forthcoming months will yield. The D.C.-based think tank estimates the   
   tariffs will bring in an estimated $1.3 trillion of net new revenue   
   through the end of Trump’s current term and $2.8 trillion through 2034.   
   That represents a $600 billion leap forward from the tariffs in effect   
   as of May.   
      
   For context, in fiscal 2025 so far, tariffs have accounted for 2.7% of   
   all federal revenue—more than double typical levels. Some analysts   
   project that figure climbing as high as 5% if current policies remain in   
   place.   
      
   Impact on the national debt   
   In theory, pouring $2.8 trillion from tariffs into the national coffers   
   could markedly slow the growth of the federal debt. Congressional Budget   
   Office figures and CRFB models suggest that, if kept permanent, Trump’s   
   tariff regime could reduce the deficit by up to $2.8 trillion in the   
   next decade. “The recent tariff increases are likely to meaningfully   
   reduce deficits if allowed to remain in effect or replaced on a   
   pay-as-you-go…basis,” the CRFB wrote in its analysis.   
      
   Experts still caution the impact, though real, remains limited when   
   compared to the sheer scale of the U.S. government’s finances: a   
   whopping $37 trillion. Even with historic tariff gains, these revenues   
   represent only a fraction of total federal income—nowhere near enough to   
   replace income taxes or close the debt gap. In fact, during fiscal year   
   2025, income taxes and payroll taxes covered over three-quarters of   
   federal revenue.   
      
   Then there’s the question of who is really paying the price, or as Trump   
   likes to put it, who is eating the tariffs. The government is getting   
   revenue from whom, exactly?   
      
   Eating the tariffs   
   While Washington enjoys a flood of new revenue, the reality on the   
   ground is more complex. Businesses typically pass the cost of tariffs   
   through to consumers in the form of higher prices. Economic research   
   shows the new tariffs function much like a regressive tax, hitting   
   lower- and middle-income households particularly hard. The average   
   family in the second-lowest income tier faced an annual cost increase of   
   $1,700; those in the top income decile paid upwards of $8,100 more per   
   year, according to Yale Budget Lab.   
      
   Moreover, defense and infrastructure experts warn rising costs from   
   tariffs may invite higher prices for critical hardware and components   
   needed by the military and national security agencies. Tariffs “make it   
   more expensive to meet national defense requirements,” the Council on   
   Foreign Relations wrote in early July.   
      
   Trump floats ‘tariff dividend checks’—but debt likely to grow   
   President Trump has floated the idea of distributing “tariff dividend   
   checks” to American families on top of debt-reduction promises. But most   
   economists say the math doesn’t quite add up: While the government is   
   enjoying record-breaking revenues, those gains are still dwarfed by   
   annual spending and existing commitments. Even under the most optimistic   
   scenarios from the Trump administration and its budget watchdogs,   
   tariffs will only slow—not reverse—the upward march of the national   
   debt.   
      
   The CRFB is a respected nonpartisan institution that dates back to 1981,   
   with a board consistently made up of former members and directors of key   
   budgetary, fiscal, and policy institutions, such as the Congressional   
   Budget Office, the House and Senate Budget Committees, the Office of   
   Management and Budget, and the Federal Reserve. The CRFB regularly   
   produces analyses of government spending and debt and deficit trends, as   
   well as the solvency of programs such as Social Security.   
      
   The CRFB regularly advocated for reducing federal deficits and   
   controlling the growth of national debt. It typically favors reforms to   
   federal “entitlement” programs and functions as a deficit hawk, which   
   draws the ire of left-wing figures. For instance, Paul Krugman   
   characterized it as a “deficit scold” while he was still with the New   
   York Times.   
      
      
   --   
   November 5, 2024 - Congratulations President Donald Trump.  We look   
   forward to America being great again.   
      
   We live in a time where intelligent people are being silenced so that   
   stupid people won't be offended.   
      
   Every day is an IQ test. Some pass, some, not so much.   
      
   Thank you for cleaning up the disasters of the 2008-2017, 2020-2024 Obama   
   / Biden / Harris fiascos, President Trump.   
      
   Under Barack Obama's leadership, the United States of America became the   
   The World According To Garp.  Obama sold out heterosexuals for Hollywood   
   queer liberal democrat donors.   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)