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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 “tax cut” view is considered more of a “long-term” strategy. What are your thoughts on this interpretation? https://www.poynter.org/fact-checking/2025/are-tariffs-tax-cuts/
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Mike | Abundance 🌟
@abundance
I mean, if you massage the language enough you can say that a tax increase is also a "long term tax cut". It's still misleading.
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Project7
@project7
yeah true. rather than "tax cut" it should be something like long-term effect or something. 7777 $hunt
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Mike | Abundance 🌟
@abundance
💯🙏
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