DOR
Voter
Revenue stream?
Import tariffs contributed 1.4% of federal revenues in 1962-2024. Now, assuming that there isn’t a quick reversal when the economy tanks – don’t think a $327 billion (10% of imports) tax hike won’t knock consumer and business spending sideways.
With a 6-month lead time, hoarding kicks in, which means sales fall off the cliff on day 181.
That parallel universe needs to be Trump-free to really work.
Import tariffs contributed 1.4% of federal revenues in 1962-2024. Now, assuming that there isn’t a quick reversal when the economy tanks – don’t think a $327 billion (10% of imports) tax hike won’t knock consumer and business spending sideways.
With a 6-month lead time, hoarding kicks in, which means sales fall off the cliff on day 181.
That parallel universe needs to be Trump-free to really work.