Trump Again Claims Tariffs Will Result in Large Income Tax Cuts

[Dont Taz Me Bro]

The math doesn’t come close to working out even with the rosiest of projections and we aren’t cutting 3-4 trillion in spending a year. Even if it did, wouldn’t the tariff income greatly decrease if it led to onshoring which is the stated goal?

 

[Mac1958]

The math doesn’t come close to working out even with the rosiest of projections and we aren’t cutting 3-4 trillion in spending a year. Even if it did, wouldn’t the tariff income greatly decrease if it led to onshoring which is the stated goal?

Who in the world is telling him that this madness is even possible?

I doubt it's Bessent. He knows better. Maybe Lutnick?

 

[jc456]

Who in the world is telling him that this madness is even possible?

I doubt it's Bessent. He knows better. Maybe Lutnick?

our country's history?

 

[candycorn]

The math doesn’t come close to working out even with the rosiest of projections and we aren’t cutting 3-4 trillion in spending a year. Even if it did, wouldn’t the tariff income greatly decrease if it led to onshoring which is the stated goal?

If tariffs worked and resulted in onshoring...why is he doing it again in his second term...he imposed tariffs in his first term?

 

[kyzr]

The math doesn’t come close to working out even with the rosiest of projections and we aren’t cutting 3-4 trillion in spending a year. Even if it did, wouldn’t the tariff income greatly decrease if it led to onshoring which is the stated goal?

1. He said it will "take time", so projections are crude estimates
2. The tariffs are still being negotiated, so there is no basis for accurate "projections"
3. We don't need to cut $3T to $4T, we had a $2T deficit in 2024, the 2025 Budget is not approved yet
4. Onshoring will take time, no clue how much tariffs will be affected because no clue how much will be onshored, probably cars, chips, and automated production, not manually manufactured products like clothing and small things.

 

[my2¢]

With his desire for a $5trillion increase to the debt limit, obviously it won't be enough to halt Washington's borrow and spend.

 

[kyzr]

If tariffs worked and resulted in onshoring...why is he doing it again in his second term...he imposed tariffs in his first term?

True, tariffs worked and Biden kept them on.
Onshoring didn't happen because Trump-45 didn't renegotiate fair tariffs globally like he is doing now.

 

[jc456]

With his desire for a $5trillion increase to the debt limit, obviously it won't be enough to halt Washington's borrow and spend.

firing all government workers gets us close.

 

[kyzr]

With his desire for a $5trillion increase to the debt limit, obviously it won't be enough to halt Washington's borrow and spend.

The Freedom Caucus needs to brutally cut spending or we are toast.

 

[pknopp]

Who in the world is telling him that this madness is even possible?

I doubt it's Bessent. He knows better. Maybe Lutnick?

He knows how to play people. Play people and screw them over is all he is good at.

 

[jc456]

True, tariffs worked and Biden kept them on.
Onshoring didn't happen because Trump-45 didn't renegotiate fair tariffs globally like he is doing now.

funny, they can't tell us what xiden did in four years other than allow an invasion of our country.

 

[Zincwarrior]

The math doesn’t come close to working out even with the rosiest of projections and we aren’t cutting 3-4 trillion in spending a year. Even if it did, wouldn’t the tariff income greatly decrease if it led to onshoring which is the stated goal?

If tariffs garnered $3Tr in a year I would submit it would drive us into a deep depression and a new administration extremely quickly.

 

[kyzr]

firing all government workers gets us close.

Nope. The big ticket items are Welfare, Medicaid, Defense. SS & Medicare are earned and paid for.
The "social safety net" needs to be split 50/50 with the states.

 

[pknopp]

The Freedom Caucus needs to brutally cut spending or we are toast.

They've thrown in the towel.

House adopts budget blueprint for Trump's agenda after GOP leaders sway holdouts

 

[Zincwarrior]

Nope. The big ticket items are Welfare, Medicaid, Defense. SS & Medicare are earned and paid for.
The "social safety net" needs to be split 50/50 with the states.

Which means half of it goes away.

 

[ReinyDays]

These tariffs only pay for the tax cuts for the Rich ... are you paying less in withholding tax? ... didn't think so ...

Trump is protecting the Rich, not you ... we've been fooled again ...

 

[BluesLegend]

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The left cult is PANICKING big league!


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Dems are 100% reliant upon income taxes and vampire sucking workers dry to line their own pockets.

 

[kyzr]

Which means half of it goes away.

Fine. If that is all the "charity" we can afford, that is all there is.

 

[my2¢]

There is an inverse relationship between gaining all this money through tariffs and bringing manufacturing back to America. The more we import the more goes into the U.S. treasury.

Under Trump we've journeyed into a wondrous land of imagination. Next stop, the Twilight Zone!

 

[kyzr]

There is an inverse relationship between gaining all this money through tariffs and bringing manufacturing back to America. The more we import the more goes into the U.S. treasury.
Under Trump we've journeyed into a wondrous land of imagination. Next stop, the Twilight Zone!

The tariffs are being negotiated, so are the new supply chains, so you are correct, the more that gets onshored the less tariff income there is, but that would be offset by new jobs and new income tax and a smaller trade deficit.