will pay for tax cuts to billionaires? Consumers will cut back on spending.

That's it. Not until the fat orange menace is dead or gone will I loosen the wallet. Not a penny more. Shopping Union too. FUCK WALMART!

They’re just using the standard GOP approach of banking imagined revenues in order to justify and balance the lost federal income from the tax cuts.

When you say that "consumers will cut back on spending", I think it is more correct to say "consumers will cut back on purchasing".

Meaning that they will be spending the same amount, just getting less for it. Consumers have a limited budget to spend from. As prices increase across the board, a larger percentage of that money will be spent on essentials. So spending doesn't really go down - just what you get for that amount of money goes down.

In the case of tariffed products, the additional cost is a tax, paid for by the consumer. Those consumers are receiving the same income and paying the same income tax - so this is in addition to what taxes they would have paid otherwise. So there are your additional taxes to offset cuts elsewhere.

The lower you are on the income scale, the greater a percentage of your budget goes towards essentials. That means you have less choices to reduce spending, or even invest instead of spending. The higher percentage of essentials in your budget, the harder you will be hit by this and the more taxes you will end up paying.

Our problem is the Electoral College and Rupert Murdoch. Enter the illegal alien Elon Musk and the rest is

Trump's tariff taxes. Highest tax hike in US history.

But concocting idiotic schemes sure is.

Their math is good on that, their suckers fall for their lies all the time.

"And now, back to our gourmet golfing. Ha ha." - G.O.P.

Surprised Trump is so unaware.

Tariffs are a net negative on federal finances.

Tax cuts can stimulate the economy, but giving it to the rich, especially by merely extending current law, is extremely inefficient because the rich are the most likely to invest overseas, which doesn't help us, compared to giving it to the poor, who are the most likely to spend it here, which does help us.

But of course the media parrots the Republican line and will tell us deficits down matter anyway.

…They claim the purpose of the tariffs on foreign goods is to make them more expensive and we will choose to buy American products. But if we buy only American goods, then we wouldn’t pay any tariff and there would be no additional tax revenue.

But if we still buy foreign goods and pay the tariffs, generating all that tax revenue, why does their budget still require raising the debt ceiling by $4 trillion?

Anyone, anyone, Bueller?

Google US tax revenue. It came back at $4.9T in 2024ish. Total value of imported goods in 2023 was like $3.3T.

So if the IRS will under collect by $500B and tariffs rates are on the order of 25%, how will this pay for everything?

he envisioned and got them. The trouble came when imports drastically declined along with the tariff revenue attached to them and so did the money to pay for government operations.

it's fun watching MAGAts try to answer that one.

Has promised, $ earned from reciprocal tariffs will be used to help people and companies affected by the trade war.

tariff bullshit. I'm thinking I'll be fine.