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Tariffs, Congressional Budget Office and Federal Deficit

Investopedia on MSN · 11h

Tariffs Would Reduce The Federal Deficit, Budget Office Says

Key Takeaways President Donald Trump's tariffs will bring in more than enough money to pay for the Republicans' tax cut bill, the Congressional Budget Office found.The analysis assumes tariffs will remain as they were on May 13,

The Associated Press on MSN · 2d

The nonpartisan Congressional Budget Office said tariffs would reduce the purchasing power of households overall.

WASHINGTON (AP) — 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.

ABC News on MSN · 2d

CBO says Trump's tariffs will shrink the economy and add to inflation but reduce the deficit

Nonpartisan Congressional Budget Office estimates that Trump’s tariffs would shrink the economy and add to inflation while reducing the federal deficit by $2.8 trillion.

Donald Trump, tax bill and tariffs

The New York Times · 1d

To Pay for Tax Cuts, Trump Touts Tariff Revenues That May Be Fleeting

The president cited figures from the Congressional Budget Office to suggest tariffs could offset the cost of tax cuts, though he omitted important caveats for why that may not be the case.

Fox News on MSN · 12h

Trump's tariff strategy could pay for his tax bill, but only if they stick, experts warn

The CBO projects Trump's tariffs could reduce the deficit by $2.8 trillion while his tax bill would add $2.4 trillion, but experts from across the political spectrum question whether the tariff revenue is sustainable.

USA Today · 1d

Trump’s Tax Bill: How will taxpayers and businesses be impacted?

As the House Republicans pass President Donald Trump’s sweeping tax bill, businesses may face drastic changes if approved by the Senate. The House GOP’s ‘One Big Beautiful Bill Act ’ would raise the federal deduction limit for state and local taxes,

Sen. Tim Kaine says Trump's tariffs could reduce federal debt, but at what cost?

Va., who is also on the Senate Budget Committee, about how President Trump's tariffs will affect the federal budget and the ...

1d

Musk says Trump tariffs will cause a recession later this year

The tech billionaire has suddenly fallen out with Donald Trump, and the two are jousting on social media.

1d

Trump: US 'in very good shape' after China tariff talks

President Donald Trump is feeling better about trade talks with China after calling President Xi Jinping on Thursday, saying ...

1d

US trade gap plummets as Trump tariffs take hold

The US trade deficit more than halved in April as President Donald Trump's global tariffs reversed an import surge that ...

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