Independent thinker
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The left have been saying that all year long. Hasn't happened yet and it didn't happen during Trump's first term either.
Trump's Tariffs Seriously Reducing The National Debt
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task0778
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A 2019 study conducted by economists at Columbia University, Princeton University, and the Federal Reserve Bank of New York found that American consumers and companies were paying nearly the full cost of Trump’s tariffs.
Trump tariffs rake in big money, but who is paying?
Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international...
leftwinger
Diamond Member
Many would just "sit out", the GDP coulddrop you dumb OX. Like back when top rate was 90%. GOVT revenue was still only 20%*GDP.
They would let their money sit? You can’t believe that. As the best haven, they know they have it good and have convinced enough people to vote against their own interests.
Moonglow
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The federal government reported a deficit of $291 billion in July 2025, an increase of $47 billion from the $244 billion deficit recorded in July 2024. Revenues were up in the past month, however, those gains were outpaced by spending increases.
Spending in July 2025 was $56 billion more than in July last year, largely driven by a $21 billion increase in outlays by the Department of Education related to the estimation of outstanding loan costs. Other categories that contributed to the increased spending were Medicaid ($17 billion more than in July 2025), net interest payments ($11 billion), and Social Security ($10 billion). Offsetting those increases was a $19 billion decrease in outlays by the Department of Housing and Urban Development as a result of a significant downward revision to the estimated costs of outstanding housing loans. Receipts were up by $8 billion in July 2025 compared to the previous year — customs duties collections rose by $21 billion, while individual income taxes fell by $8 billion and excise taxes fell by $7 billion.
www.pgpf.org
Spending in July 2025 was $56 billion more than in July last year, largely driven by a $21 billion increase in outlays by the Department of Education related to the estimation of outstanding loan costs. Other categories that contributed to the increased spending were Medicaid ($17 billion more than in July 2025), net interest payments ($11 billion), and Social Security ($10 billion). Offsetting those increases was a $19 billion decrease in outlays by the Department of Housing and Urban Development as a result of a significant downward revision to the estimated costs of outstanding housing loans. Receipts were up by $8 billion in July 2025 compared to the previous year — customs duties collections rose by $21 billion, while individual income taxes fell by $8 billion and excise taxes fell by $7 billion.
The Current Federal Deficit and Debt
See the latest numbers on the national deficit for this fiscal year and how it compares to previous years.
www.pgpf.org
Independent thinker
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Inflation was less than 3% every year in his first term.A 2019 study conducted by economists at Columbia University, Princeton University, and the Federal Reserve Bank of New York found that American consumers and companies were paying nearly the full cost of Trump’s tariffs.
Trump tariffs rake in big money, but who is paying?
Donald Trump's tariffs are impacting global trade. American firms pay the tariffs on imported goods. This increases costs, affecting consumers. Despite this, foreign exporters face reduced sales. They also experience instability in supply chains. The tariffs create uncertainty for international...
economictimes.indiatimes.com
MagicMike
Platinum Member
Fake news
task0778
Diamond Member
Which does not change the fact that US businesses and consumers paid for most of the cost of Trump's tariffs then and will do so now. Also consider:
Trump's tariffs generated approximately $80 billion in revenue during his first term. This figure comes from various analyses of tariff collections, particularly on imports from China and other countries. The tariffs were part of a broader trade policy aimed at protecting American industries and reducing trade deficits.
His tariffs weren't that much in his 1st term. But this time if it's going to increase revenue up to $400-$500 billion, then somebody has to pay for that and that 'somebody' is the American consumers and companies. Inflation will be higher as a result of higher prices. It hasn't so far, but it will. It often takes time for economic policies or market changes to impact prices, making it a reflection of past economic activity rather than a predictor of future trends.
Mac1958
Diamond Member
And, meanwhile:
YoursTruly
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At best the tariffs will slow the debt increase. But all of Trumps spending, and debt ceiling increases, once all that kicks in, the tariffs won't even make a dent in the debt.
Conservative from Georgia
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Is the title of this thread accurate?
Conservative from Georgia
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This guy isn’t keeping track of his spending. He’s making numbers up to bolster his point.
Conservative from Georgia
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To desperately needing tariffs to be harmful and wreck the economy onto fellow countrymen to score invisible political points against a president, that's wrong.
Conservative from Georgia
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So you’re saying tariffs are harmful, but nobody should “need” the harm? Enlighten me.
Where will they go?
When you have Left Wing folk that desperately want tariffs to be harmful on their own countryman and economy, just to score invisible political points, then that's what wrong.
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