Posted inBiden, Joseph R Jr 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
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.