AP burying the lede here…
“President Donald Trump’s sweeping tariff plan would cut deficits by $2.8 trillion over a 10-year period while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.”
I don’t see how any prediction can possibly hold any water since tariffs are totally unpredictable and in flux, and the commerce volume effects they have are huge (and dependent on those rates). Deficit reduction itself is good, but it’s also a regressive tax that directly hits the consumer base.
But I will say the US was basically founded to avoid tariffs, and got real good at smuggling, too.
The letter agrees. It’s too unpredictable AND adds that what he’s doing hasn’t been done so they really have to comparison
Tbf you also buried the lede here and I am mildly annoyed by it
How so? I’m a lil confused by all this lede burying
… while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.
I mean, I did BOLD it. :)
😋
So the idea is to wring out the normal people to make rich people richer. Normal GOP strategy for decades, but now on steroids.
That’s simply idiotic. Trump and the Republicans’ Big Beautiless Bill will send the deficit soaring. Count on it
these tariffs have been a moronic strategy from the get-go and they’re not going to help a goddamn thing and they might not even be put into law the way the things look
How much would it shrink the debt? None?
Maybe im just dumb. But when I read “shrink the economy”, I thought it meant negative GDP growth. But they actually mean a 0.06%-pnt reduction in the positive GDP growth. i think they should have used a better word.
