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Project7
@project7
Karoline Leavitt, a White House rep, called tariffs a tax cut for Americans, sparking criticism as tariffs typically raise costs for domestic consumers. This view led me to suggest looking at tariffs from a long-term strategic angle: 1. Tariffs could boost local jobs and wages by encouraging domestic production, which has a similar effect to tax cuts. 2. Government revenue might increase from tariffs, potentially allowing for other tax reductions. 3. They could reduce the trade deficit, which strengthens the domestic economy. 4. By changing consumer habits towards cheaper local goods, tariffs reduce spending on expensive imports. This suggests that the âtax cutâ view is considered more of a âlong-termâ strategy. What are your thoughts on this interpretation? https://www.poynter.org/fact-checking/2025/are-tariffs-tax-cuts/
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Luckyjerryđ
@luckyjerry
Tariffs arenât always a good thing. I think If import prices go up, we end up paying more, which just makes everything more expensive for us. And just because the government makes more money from tariffs doesnât mean theyâll actually lower other taxes. Plus, if other countries hit us with retaliatory tariffs, our exporters could take a big hit. In the long run, tariffs might even make our businesses less competitive and hurt them in the global market. So yeah, saying tariffs work the same way as tax cuts doesnât really hold up. 1000đđ»
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Project7
@project7
Yes, this was my general view on tariffs too, but I tried to consider the longer-term strategy behind why the Trump administration sees it as a tax cut. 7777 $hunt
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