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Trump’s Proposed Tax Cuts and Increased Tariffs Could Hurt Poorer Households

Some Republicans want to use revenue collected from higher duties on foreign goods to finance tax cuts. Economists say such a shift could widen the gap between the rich and the poor.

Ana Swanson
Author: Ana Swanson

Written by

Ana Swanson

in

Congressional Budget Office, Customs (Tariff), Income Inequality, International Trade and World Market, Presidential Election of 2024, Republican Party, Tax Cuts and Jobs Act (2017), Trump, Donald J, United States Politics and Government
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