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, although Trump has frequently and significantly raised and lowered tariffs in recent months.
- The analysis reached a different conclusion than some other independent economists, who have estimated that the bill and tariffs together will worsen budget deficits.
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