One thing that is as certain as death and taxes is that if there is any extra revenue, Congress will spend it rather than paying down debt.
Posted on 08/13/2025 8:29:24 AM PDT by Red Badger
President Donald Trump’s sweeping new tariffs are raking in unprecedented sums for the federal government—so much, in fact, that a top budget watchdog says the revenue rivals the impact of creating a brand-new payroll tax or slashing the entire military budget by nearly one-fifth. (These are rough estimates, to be sure, conveyed to communicate the magnitude of the tariffs, not precise contributions to the budget.) But can these massive cash flows, already topping tens of billions monthly, truly put a dent in America’s $37 trillion national debt?
Actually, yes, according to the Committee for a Responsible Federal Budget (CRFB), which alternately calls the revenue being generated by the tariffs to be “meaningful” and “significant.”
Since his return to the White House, Trump has unleashed a wave of “reciprocal tariffs” on almost every major U.S. trading partner. Roughly $25 billion was collected in July, the CRFB calculated, more than triple the amount from late last year, and surely a fraction of what forthcoming months will yield. The D.C.-based think tank estimates the tariffs will bring in an estimated $1.3 trillion of net new revenue through the end of Trump’s current term and $2.8 trillion through 2034. That represents a $600 billion leap forward from the tariffs in effect as of May.
For context, in fiscal 2025 so far, tariffs have accounted for 2.7% of all federal revenue—more than double typical levels. Some analysts project that figure climbing as high as 5% if current policies remain in place.
(Excerpt) Read more at finance.yahoo.com ...
https://youtube.com/shorts/nqQG3uCdbZk?si=mg5Kj8Gc9vAEwFFo
Dancing with the stars
Israeli version
Trump and Melania
They know it’s going to work this is why they ran to the judges. If this policy stays in place for a year then Congress is going to have a really hard time not enshrining this into law to balance the budget that NO ONE wants to cut out of. If the judges say Trump can’t do this it’ll be a huge chance squandered because you’ll never get Congress do make bold moves that are needed. Delay, Delay, Delay the courts and let the roots take hold and then anyone who gets rid of them will be hurting a very big constituency. 10 years from everyone hating Obama care now no one is willing to cut even 1 penny from it.
BTTT
Never fear congress will try to spend it and then some.
I like it but let’s see it applied.
Whatever happened to reducing the debt by reducing spending or increasing revenue by economic growth — rather than sales taxing Americans (via tariffs)?
On the plus side, it in general looks like the deals mean a more reasonable economic situation with foreign countries.
The tarriffs are only half of the story.
There is a monster stock market boom coming over the next 5 years.
What most people don’t know about Newt Gingrich’s 5 year balanced budget was that all he did was restrain federal spending while the receipts poured into the federal treasury from the monster .com boom of 1995-2000.
What’s coming in the next 5 years will dwarf that.
There is being cautiously optimistic.
There is being pessimistically optimistic.
And, there is being optimistically pessimistic.
Pick one.
When the courts go against his “Emergency
Economic Powers Act” claim, will I get a refund?
Any interest?
By that time will the “Dollars” in my refund have any value?
The numbers quoted in the article don’t even balance the operating budget for the current fiscal year, let alone put a dent in anything in the future.
The tariff revenues discussed here will only marginally slow our death spiral.
We cannot tax our way out of a structural deficit driven by out of control entitlement spending. We cut entitlements, or we go bankrupt.
One thing that is as certain as death and taxes is that if there is any extra revenue, Congress will spend it rather than paying down debt.
Whatever happened to reducing the debt by reducing spending or increasing revenue by economic growth — rather than sales taxing Americans (via tariffs)?
......
That should come eventually when the War against the Swamp is won
Income tax love maggots need to squirm away.
Don’t buy don’t pay.
Use it to shore up SS. This will make tariffs even more popular.
So we should stop all taxes and go down in fiscal calamity.?
Possibly. Depending on the product and market conditions, it may be more reasonable to move production to the U.S., avoid the tariffs and undercut foreign competitors.
Now moving production to US I not thought of. Great inducement.
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