Could Trump Tariffs Mean 40 Percent Tax Cut?

The Trump administration’s increased tariffs have given the government billions in extra revenue already, according to the Treasury Department.

From April 1-28, the Treasury Department reported $16.5 billion in tariff collections, compared to $9.6 billion in March, an increase of 72%. So not only are the tariffs driving companies to open offices and factories in the U.S. and opening foreign markets to our products and services, but they are bringing in massive revenue to our Treasury.

Remember that since colonial times, the tariff — not the income tax — has been the financial staple of the federal government.

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