@lmcgeo.bsky.social
Reposted
Trump’s tariffs amount to an average tax increase of more than $1,900 per US household in 2025.
April 4, 2025 at 6:10 PM
Trump’s tariffs amount to an average tax increase of more than $1,900 per US household in 2025.
Reposted
The average tariff rate on all imports will rise to the highest level since 1937.
April 4, 2025 at 6:11 PM
The average tariff rate on all imports will rise to the highest level since 1937.
Reposted
In 2025, Trump’s tariffs will increase federal tax revenues by $258.4 billion, or 0.85 percent of GDP, making the tariffs the largest tax hike since 1982.
The tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama.
The tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama.
April 4, 2025 at 6:11 PM
In 2025, Trump’s tariffs will increase federal tax revenues by $258.4 billion, or 0.85 percent of GDP, making the tariffs the largest tax hike since 1982.
The tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama.
The tariffs are larger than the tax increases enacted under Presidents George H.W. Bush, Bill Clinton, and Barack Obama.
Reposted
Trump’s tariffs will result in a nearly $2.9 trillion tax increase over the next decade.
April 4, 2025 at 6:13 PM
Trump’s tariffs will result in a nearly $2.9 trillion tax increase over the next decade.
Reposted
We estimate that Trump's tariffs will reduce US GDP by 0.7 percent, hours worked by 605,000 full-time equivalent jobs, and after-tax incomes by an average of 1.9 percent—before accounting for foreign retaliation.
April 4, 2025 at 6:13 PM
We estimate that Trump's tariffs will reduce US GDP by 0.7 percent, hours worked by 605,000 full-time equivalent jobs, and after-tax incomes by an average of 1.9 percent—before accounting for foreign retaliation.