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ProfessorGAC

(74,023 posts)

23. You Say "Fudged", They'll Say "Projected"...

Tue Jul 29, 2025, 06:57 PM

Jul 29

...and then accuse us of being too impatient.
Will tariffs raise revenue? Sure, but at what expense to the overall economy as there is no way those increases are paid by anyone other than US consumers.
A few other points: they reported $28 billion for June. That's only $336 billion a year.
That's not even 8% of the federal budget and Hawley is already proposing legislation to give it to consumers. ($600 per person, up to 3 per household). The revenue impact on the deficit will become negligible.
As to the earlier China tariffs and economic predictions, there is scant evidence that the tariffs were actually collected. That's where the "projections" come in. It is impossible to believe that 30-50% duties on trillions of imports did not cause upward price pressure.

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cadoman cliffside

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Highlight:

Sen. Josh Hawley introduces bill to send tariff rebate checks to Americans [View all] BumRushDaShow Jul 29 OP

The gop pretending. C Moon Jul 29 #1

On what budget? mwooldri Jul 29 #2

I Thought All of the "Handouts"... ruet Jul 29 #7

Yeah. You know, I NEVER seem to hear about the deficit hamsterjill Jul 29 #17

Why would americans need a rebate Hornedfrog2000 Jul 29 #3

i always thought the tarriffs should be tax deductable samnsara Jul 29 #9

Great news Farther Jul 29 #4

Is Josh Hawley admitting that tariffs are paid for by American consumer? ProudMNDemocrat Jul 29 #5

that barely pays for the additional costs we have had to pay on samnsara Jul 29 #6

So...a tax refund radicalleft Jul 29 #8

And for those without enough income to file taxes? SergeStorms Jul 29 #11

Even those seniors like myself and my wife who do file each year but pay no taxes. Bengus81 Jul 30 #34

IF we get one, Dem2theMax Jul 29 #10

extreme care if warranted w/how we approach this topic cadoman Jul 29 #12

Reasonable, But... ProfessorGAC Jul 29 #21

possible -- do you think the tariffs are perhaps not even active and they are simply fudging the revenue? cadoman Jul 29 #22

You Say "Fudged", They'll Say "Projected"... ProfessorGAC Jul 29 #23

isn't it interesting that increasing tax rates on high income earners is not inflationary cadoman Jul 30 #25

The Tariff Is Not Based On Manufacturing Cost ProfessorGAC Jul 30 #36

that was exactly my point cadoman Jul 30 #37

We Disagree ProfessorGAC Jul 30 #39

Crumbs for the masses cloaked as giving a shit. Vinca Jul 29 #13

Exactly! oasis Jul 29 #19

And will probably on go to Quanto Magnus Jul 29 #14

You can SMELL the rank desperation off of this desperate move. Paladin Jul 29 #15

Insane. I mean, how far does $600 go... ananda Jul 29 #16

Or if you're so poor you don't pay federal tax at all? This is a tax rebate, Ocelot II Jul 30 #27

Not even a deposit in your accout. It's a tax CREDIT. Most seniors file but don't pay taxes. Bengus81 Jul 30 #33

DON'T IMPOSE TARIFFS! Marthe48 Jul 29 #18

you have to make 75,000 as an individual prodigitalson Jul 29 #20

I'm thinking their game plan is get Democrats to vote AGAINST this bluestarone Jul 29 #24

you and a handful of others see it, but not enough cadoman Jul 30 #26

So then let's vote for it and bring on more inflation to blame Trump. OrlandoDem2 Jul 30 #29

So...how about the Dems propose a $6,000 check to adults under 100K of income Bengus81 Jul 30 #31

Good point! bluestarone Jul 30 #38

Wish I could I_UndergroundPanther Aug 1 #42

What happened to the $5000 rebate check? OrlandoDem2 Jul 30 #28

Chicken shit money......all to buy the mid-terms Bengus81 Jul 30 #30

Oh look! FalloutShelter Jul 30 #32

Free Money certainly makes for popular policy. Kid Berwyn Jul 30 #35

My landscape guy, a MAGA type said... Old Testament Libera Jul 30 #40

Hawley says the rebate is going to "Trump blue-color voters--the people whom Joe Biden crushed"--Is this riversedge Jul 31 #41

I heard that too. raccoon Aug 1 #43

Josh Hawley is all about claiming Republicans are "the party of the Working Class" thought crime Aug 1 #44