Despite the potential for tariffs to replace income taxes, the financial damage to the U.S. economy is enormous. The negative effects could overshadow any short-term revenue increases.
Tag: deficits
A taxing situation
Social media is rampant with anti-tax rhetoric. Much of it irrational and naive … some of it quite disturbing. What are people thinking? Actually they
Cup a Joe
Yup tariffs do matter, do raise prices, perhaps limit your choices. Whether they trigger inflation is not that simple and depends in part on the
Despite all the DOGE savings rhetoric, the outlook is not good.
Today, the Congressional Budget Office (CBO) released its March 2025 Long-Term Budget Outlook, which builds off its January 2025 ten-year projections to show that the federal budget is
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