Trump's Tariffs Seriously Reducing The National Debt

[Zincwarrior]

The cuts were extended and they were mostly for the middle class.

They were bad then and focused on the hyper wealthy. Additional tax breaks were put on this term as well for corps and cap gains.
But its not on Fox so you won't believe me.

Tariffs are on track to bring in 1 trillion a year. Tax cuts increase taxes collected because GDP increases. Spending cuts will easily hit 1 trillion in 4 years. The annual deficit is 1.6 trillion.

Again, you're so cute when you believe the bullshit!
from the government itself:

The Budget and Economic Outlook: 2025 to 2035

In CBO’s projections, the federal budget deficit is $1.9 trillion this year, and federal debt rises to 118 percent of GDP in 2035. Economic growth slows and inflation declines over the next two years; both remain moderate after 2026.

www.cbo.gov

 

[konradv]

where do billionaires get a cut in their taxes?

BBB

 

[IM2]

1. The BBB cut $1.5T off Biden's last budget
2. You are wrong about the 2024 deficit, its $380b

https://www.cnn.com/2025/05/28/politics/tax-bill-cbo-estimates-deficit-explained

4. Tariff revenue is easily $300b a year

https://www.reuters.com/world/us/us-could-collect-300-billion-tariff-revenue-this-year-treasury-chief-says-2025-07-08/

Stop typing nonsense and do some research.

BS.

 

[g5000]

The cuts were extended and they were mostly for the middle class. Tariffs are on track to bring in 1 trillion a year.

That $1 trillion in tariffs comes out of the pockets of American importers, 97 percent of whom are small businesses.

In other words, it's a $1 trillion tax hike on the middle class.

A tax hike which will be passed on to you, the consumer.

Trump has you brainless rubes bleeving that $1 trillion magically comes from other countries. It is incredible you keep falling for this hoax. Absolutely incredible.

.

Tax cuts increase taxes collected because GDP increases.

You are parroting the parroting of a meme. You are like a Xerox of a Xerox.

So long as tax rates stay within a certain margin, tax revenues go up every year regardless of whether tax rates are increased or decreased.

For example, when Obama raised taxes, revenues went up. But your propagandists never, ever tell you this, now do they. Hmmmm...

Revenues are affected by the state of the economy more than by tax rates. Recessions lower revenues, booms increase revenues.

Duh.

We have not had a boom since Clinton.

Also, GDP growth is weak, and it is being achieved through massive government overspending, not due to a robust economy. Government spending is a large part of GDP, and our politicians choose to boost government spending to artifcially juice GDP rather than do the heavy lifting to actually grow the economy.

When do you think Trump will achieve the 4 to 6 percent GDP growth he promised? Hmmmm...

Spending cuts will easily hit 1 trillion in 4 years.

Who is the insane propagandist telling you these lies?

 

[jc456]

BBB

where? show the tax cut they're getting. that was truly a fail post by you.

 

[Hafar1014]

That $1 trillion in tariffs comes out of the pockets of American importers, 97 percent of whom are small businesses.

In other words, it's a $1 trillion tax hike on the middle class.

A tax hike which will be passed on to you, the consumer.

Trump has you brainless rubes bleeving that $1 trillion magically comes from other countries. It is incredible you keep falling for this hoax. Absolutely incredible.

.

You are parroting the parroting of a meme. You are like a Xerox of a Xerox.

So long as tax rates stay within a certain margin, tax revenues go up every year regardless of whether tax rates are increased or decreased.

For example, when Obama raised taxes, revenues went up. But your propagandists never, ever tell you this, now do they. Hmmmm...

Revenues are affected by the state of the economy more than by tax rates. Recessions lower revenues, booms increase revenues.

Duh.

We have not had a boom since Clinton.

Also, GDP growth is weak, and it is being achieved through massive government overspending, not due to a robust economy. Government spending is a large part of GDP, and our politicians choose to boost government spending to artifcially juice GDP rather than do the heavy lifting to actually grow the economy.

When do you think Trump will achieve the 4 to 6 percent GDP growth he promised? Hmmmm...



Who is the insane propagandist telling you these lies?

The facts do not support your reply

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
  • Corporate tax revenues reached a record-high of $425 billion – $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
  • Individual tax revenues reached a record-high of $2.6 trillion – over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
  • On average, revenues increased $205 billion per year over CBO’s projections.
• In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higherthan CBO’s pre-TCJA forecast.
  • According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
• Following passage of the Trump tax cuts…
  • Real median household income rose by $5,000 – a bigger increase in just two years than in the prior eight years combined.
  • Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
  • The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
  • The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
  • Americans earning under $100,000 received an average tax cut of 16 percent.
  • The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased.

Manufacturers and sellers pay the tariffs because they have to sell and consumers dont have to buy. That drives down prices. There is enough profit for the markdowns.

Clinton was exposing himself to Paula Jones the government was run by a GOP house and senate who cut taxes which approved of and contradicted yourself.

 

[g5000]

where? show the tax cut they're getting. that was truly a fail post by you.

With the exception of the corporate tax cut, the 2017 Trump tax cuts expired at the end of this year.

The BBB extended the tax cuts.

The 2017 tax cut made the corporate tax cuts permanent at 21%. Without trimming back any of the tax expenditures which had pushed up the tax rate to 35%, the lower corporate tax rate substantially adds to the deficit.

.

 

[kyzr]

Please explain how July's $291 billion deficit is reducing the debt. This should be a real hoot!
No, seriously. Don't dodget this question. I want you to make an earnest effort to explain how deficits are reducing the debt.
I will badger you until you answer this question.

Surpluses reduce the debt, and we should get to a surplus as the Fed lowers the interest rate.

If July's final number is a $291b deficit it will be offset by the other months like June, which had a surplus.

Also, as the Fed lowers interest rates, the interest on the debt will be less, $300b less for every 1% drop in rates.

 

[g5000]

The facts do not support your reply

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.

Hmmm...

What happened in 2022?

Oh yeah! A massive economic post-pandemic surge!

So you just confirmed exactly what I said. Revenues are affected much more by the economy's performance than by tax rates.

So again...duh.

Manufacturers and sellers pay the tariffs because they have to sell and consumers dont have to buy. That drives down prices. There is enough profit for the markdowns.

Wow. Such naivete and ignorance!

You actually bleev our small business importers can absorb ONE TRILLION DOLLARS OF HIGHER TAXES and not have to raise their prices.

Holy shit!

Wow.

 

[jc456]

The facts do not support your reply

Despite CBO’s Predictions, Trump Tax Cuts Were a Boon for America’s Economy and Working Families | The U.S. House Committee on the Budget - House Budget Committee

The Official U.S. Congressional website of The Republican Budget Committee

budget.house.gov

Key Facts:

• In fiscal year 2022, federal tax revenues reached a record-high of $4.9 trillion– $1.6 trillion or 48 percent higher than when the Trump tax cuts were passed and $884 billion higher than CBO’s projections for 2022.
  • Corporate tax revenues reached a record-high of $425 billion – $128 billion or 43 percent higher than when the Trump tax cuts were passed and $72 billion higher than CBO’s projections for 2022.
  • Individual tax revenues reached a record-high of $2.6 trillion – over $1 trillion or 66 percent higher than when the Trump tax cuts were passed and $642 billion higher than CBO’s projections for 2022.
  • On average, revenues increased $205 billion per year over CBO’s projections.
• In the first two years after passage of the Trump tax cuts, GDP growth was a full percentage point higherthan CBO’s pre-TCJA forecast.
  • According to the White House Office of Management and Budget, every additional one percent of sustained GDP growth will result in $600 billion in new revenues over 5 years and $2.8 trillion over 10 years.
• Following passage of the Trump tax cuts…
  • Real median household income rose by $5,000 – a bigger increase in just two years than in the prior eight years combined.
  • Wages increased 4.9 percent, the fastest two-year growth in real wages in 20 years.
  • The poverty rate and unemployment rate reached their lowest levels in 50 years, with all-time lows in unemployment among African American and Hispanic workers, and those without a high-school degree.
  • The bottom 20 percent of earners saw their federal tax rate fall to its lowest level in 40 years.
  • Americans earning under $100,000 received an average tax cut of 16 percent.
  • The share of taxes paid by the Top 1% of households increased while the tax burden paid by lower income earners decreased.

Manufacturers and sellers pay the tariffs because they have to sell and consumers dont have to buy. That drives down prices. There is enough profit for the markdowns.

Clinton was exposing himself to Paula Jones the government was run by a GOP house and senate who cut taxes which approved of and contradicted yourself.

Again, the real numbers keep stomping on demofks.

 

[sealybobo]

Time for another lefty meltdown and denials. Winning. One thing I love about the left is they never get tired of losing. It's just a way of life for them. Trump's tariffs have been a good thing for a number of reasons. The left keep complaining about tariffs raising prices and yet we never actually see raised prices. They're always right around the corner.

Trump is bringing in so much revenue from tariffs that it’s seriously reducing the $37 trillion national debt​

https://www.yahoo.com/finance/news/trump-bringing-much-revenue-tariffs-182932609.html

Is this a lie? I bet it's not true. I bet the tariffs are not going to pay down the debt. I call BS

 

[kyzr]

Is this a lie? I bet it's not true. I bet the tariffs are not going to pay down the debt. I call BS

Nope.. Its true. The tariffs will get us to a balanced budget.

MSN

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says​

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says | Fortune

It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

fortune.com

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More good things are:
$205b in DOGE savings if congress acts
$300b in interest savings for each 1% drop in Fed interest rate
$___b in new revenue for GDP above the 1.8% GDP growth CBO assumed

 

[sealybobo]

Nope.. Its true. The tariffs will get us to a balanced budget.

MSN

Trump is bringing in enough revenue from tariffs to cut deficits by $4 trillion over the next decade, CBO says​

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says | Fortune

It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

fortune.com

PressReader.com - Digital Newspaper & Magazine Subscriptions

Digital newsstand featuring 7000+ of the world’s most popular newspapers & magazines. Enjoy unlimited reading on up to 5 devices with 7-day free trial.

www.pressreader.com

More good things are:
$205b in DOGE savings if congress acts
$300b in interest savings for each 1% drop in Fed interest rate
$___b in new revenue for GDP above the 1.8% GDP growth CBO assumed

What an idiot. You don't know the difference between the debt and deficit.

And by the way. Do you realize this is a "projected surplus"? The same kind Clinton had. Remember when you guys said Clinton never had a surplus? Well neither does Trump. This is assuming he doesn't piss the money away on a ballroom, flag poles or a new jet that needs to be pimped out. Or a new war he gets us in.

I wouldn't believe any of Trump's numbers by the way. Last time someone told him the truth he fired them.

 

[jc456]

What an idiot. You don't know the difference between the debt and deficit.

And by the way. Do you realize this is a "projected surplus"? The same kind Clinton had. Remember when you guys said Clinton never had a surplus? Well neither does Trump. This is assuming he doesn't piss the money away on a ballroom, flag poles or a new jet that needs to be pimped out. Or a new war he gets us in.

I wouldn't believe any of Trump's numbers by the way. Last time someone told him the truth he fired them.

didn't the CBO project about the tax bill spending deficit? Wasn't that projected? how is it different? Tell me.

 

[Hafar1014]

Is this a lie? I bet it's not true. I bet the tariffs are not going to pay down the debt. I call BS

First the annual deficit mut be paid off. Its 1.6 trillion. Tariffs bring in 1 trillion a year. The deficit id gone in less than 2 years. Now the national debt can be reduced.

 

[sealybobo]

didn't the CBO project about the tax bill spending deficit? Wasn't that projected? how is it different? Tell me.

Huh? You said didn't the CBO project about the tax bill spending deficit?

Huh? All I know is trump's tariffs are not seriously reducing the national debt. That's the thread title right? And you agree that's a flat out lie?

• In August 2025, the Congressional Budget Office (CBO) projected that if recent tariff rates are maintained, they could reduce federal deficits by $4 trillion over the next decade.
• The CBO's estimate accounts for both the increased revenue from tariffs and the reduced spending on interest payments due to less federal borrowing.
• However, even with these higher revenues, the tariffs alone are not enough to eliminate the annual budget deficit, which is projected to grow due to other spending and tax bills.

• Small portion of revenue: Tariffs currently account for a relatively small percentage of overall government receipts compared to income and payroll taxes.
• Revenue reduction over time: As tariffs increase, importers and consumers may adjust their purchasing patterns, leading to reduced imports and, eventually, less tariff revenue collected over time.
• Broader economic impact: Tariffs can slow economic growth, reduce wages, and increase consumer prices, which can negatively affect other sources of tax revenue and partially offset any gains from the tariffs.

 

[kyzr]

What an idiot. You don't know the difference between the debt and deficit.
And by the way. Do you realize this is a "projected surplus"? The same kind Clinton had. Remember when you guys said Clinton never had a surplus? Well neither does Trump. This is assuming he doesn't piss the money away on a ballroom, flag poles or a new jet that needs to be pimped out. Or a new war he gets us in.
I wouldn't believe any of Trump's numbers by the way. Last time someone told him the truth he fired them.

I'll speak slower for you low-IQ folks:
1. The last Biden budget had a $1.85T deficit, Biden added $8.5T to the DEBT, now the DEBT is at about $37T
2. Trump's BBB cut $1.5T off Biden's last budget, the BBB budget starts this October, as appropriations are passed
3. The CBO revised its projection for the BBB from a $3.8T deficit over 10-years to a balanced budget since the tariffs will add about $4T of new revenue.

Trump is bringing in enough revenue from tariffs to have a serious impact on the $37 trillion national debt, budget watchdog says | Fortune

It's the equivalent of a new payroll tax or a 17% cut in the size of the military, according to a top think tank.

fortune.com

4. Trump could get to a $1T in DEBT reduction if these additional revenue sources can happen.
$205b in DOGE savings if congress acts
$300b in interest savings for each 1% drop in Fed interest rate
$___b in new revenue for GDP above the 1.8% GDP growth CBO assumed

Yes, its a "projected surplus". Trump said he would pay for the new ballroom. I agree we don't need the "gift jet" pimped out. we also don't need to send out rebate checks. So until the Debt gets reduced its all projections, but it has a good chance of starting to pay down the debt.

 

[kyzr]

They were bad then and focused on the hyper wealthy. Additional tax breaks were put on this term as well for corps and cap gains.
But its not on Fox so you won't believe me.
Again, you're so cute when you believe the bullshit!
from the government itself:

1. Your link is from JANUARY 2025, here is one from August 22, 2025

An Update About CBO's Projections of the Budgetary Effects of Tariffs

As tariffs changed frequently throughout 2025, CBO has regularly updated the Congress about projected tariff revenues; this blog post is the latest in that series.

www.cbo.gov

2. The CBO's revised estimates show a balanced budget.

https://www.reuters.com/world/us/trumps-tariffs-could-reduce-us-deficit-by-4-trillion-cbo-estimates-2025-08-22/

Trump's tariffs could reduce US deficit by $4 trillion, CBO estimates​

https://money.usnews.com/investing/news/articles/2025-08-22/trumps-tariffs-could-reduce-us-deficit-by-4-trillion-cbo-estimates

Trump's Tariffs Could Reduce US Deficit by $4 Trillion, CBO Estimates​

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3. If the DOGE $205b happens, a 3% GDP and more revenue happens, and the Fed lowers interest rates, a surplus could be generated.

 

[sealybobo]

1. Your link is from JANUARY 2025, here is one from August 22, 2025

An Update About CBO's Projections of the Budgetary Effects of Tariffs

As tariffs changed frequently throughout 2025, CBO has regularly updated the Congress about projected tariff revenues; this blog post is the latest in that series.

www.cbo.gov

2. The CBO's revised estimates show a balanced budget.

https://www.reuters.com/world/us/trumps-tariffs-could-reduce-us-deficit-by-4-trillion-cbo-estimates-2025-08-22/

Trump's tariffs could reduce US deficit by $4 trillion, CBO estimates​

https://money.usnews.com/investing/news/articles/2025-08-22/trumps-tariffs-could-reduce-us-deficit-by-4-trillion-cbo-estimates

Trump's Tariffs Could Reduce US Deficit by $4 Trillion, CBO Estimates​

PressReader.com - Digital Newspaper & Magazine Subscriptions

Digital newsstand featuring 7000+ of the world’s most popular newspapers & magazines. Enjoy unlimited reading on up to 5 devices with 7-day free trial.

www.pressreader.com

3. If the DOGE $205b happens, a 3% GDP and more revenue happens, and the Fed lowers interest rates, a surplus could be generated.

Why would we believe your numbers? You guys lie constantly. And you fire anyone who tells the truth. Remember Elon found 150 year old people getting social security? Lie. Remember Trump fired the lady who gave the jobs numbers because those numbers made him look bad? That won't happen again. Remember Trump said he was going to lower prescription drug prices 2000%? Trump said the other day his poll numbers are through the roof when they are in the basement. All lies.

Why would we believe any numbers you throw out? Including future election results.

 

[kyzr]

Why would we believe your numbers? You guys lie constantly. And you fire anyone who tells the truth. Remember Elon found 150 year old people getting social security? Lie. Remember Trump fired the lady who gave the jobs numbers because those numbers made him look bad? That won't happen again. Remember Trump said he was going to lower prescription drug prices 2000%? Trump said the other day his poll numbers are through the roof when they are in the basement. All lies.
Why would we believe any numbers you throw out? Including future election results.

OMG, those are revised CBO numbers, they did not estimate tariff revenue properly back in January, a $4T ooops.

An Update About CBO's Projections of the Budgetary Effects of Tariffs

As tariffs changed frequently throughout 2025, CBO has regularly updated the Congress about projected tariff revenues; this blog post is the latest in that series.

www.cbo.gov

As of August 19, we estimate that the effective tariff rate for goods imported into the United States has increased by about 18 percentage points when measured against 2024 trade flows. We project that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 2025‒2035 period. By reducing the need for federal borrowing, those tariff collections will also reduce federal outlays for interest by an additional $0.7 trillion. As a result, the changes in tariffs will reduce total deficits by $4.0 trillion altogether.