Will Scharf, a White House official, claimed the new car tariffs would result in more than $100bn in annual revenue to the US
I dont understand how this is supposed to generate ‘revenue for the US’. The money will come from their own citizens, so its basically a tax increase. Are taxes considered ‘revenue for the country’? Its not like the money comes frot outside the US.
They’re still peddling that other countries pay tariffs, which becomes “US revenue”, and Americans will get a big tax break because importers pay our taxes now.
I heard that Canadians are paying for billboards saying “tariffs are taxes on your groceries” in Republican states. It’s funny as hell, but it won’t work—people are either too uneducated to understand how higher import costs lead to higher downstream costs, or they’re too MAGA to even consider it.
I dont understand how this is supposed to generate ‘revenue for the US’. The money will come from their own citizens, so its basically a tax increase. Are taxes considered ‘revenue for the country’? Its not like the money comes frot outside the US.
Technically yes, this is tax revenue for the government. Which is weird, I thought Republicans wanted to lower taxes…
No no, they wanted to cut taxes for the wealthy. They could not care less about the rest.
They’re still peddling that other countries pay tariffs, which becomes “US revenue”, and Americans will get a big tax break because importers pay our taxes now.
Yep.
I heard that Canadians are paying for billboards saying “tariffs are taxes on your groceries” in Republican states. It’s funny as hell, but it won’t work—people are either too uneducated to understand how higher import costs lead to higher downstream costs, or they’re too MAGA to even consider it.