https://www.aol.com/news/trump-tax-bill-add-2-152542512.html
It also seems to be contradictory to the statement that it will increase the deficit by $2.4 trillion over the same period.
this post was submitted on 04 Jun 2025
99 points (90.9% liked)
politics
24141 readers
2850 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 2 years ago
MODERATORS
The tax bill and the tariffs are separate. In sum there would be a $40M surplus each year for a decade.
You’re conflating the tax bill and the tariffs. Two different things.
Who are you going to believe? Me or your lying CBO?
cut deficits by $2.8 trillion over a 10-year period
by taking that money out of your wallet.
I mean I guess every deficit reduction implicitly comes out of taxpayers wallets, but this is about consumers paying more for the same stuff while at the same time the government is massively reducing services which also will cost us more. We are being absolutely fleeced.
We are going to have much lower quality of life for a given income. And then the next Republican administration is just going to run up the deficit further because that's all they do.
i guess every deficit reduction implicitly comes out of taxpayers wallets
Yeah, but it doesn't have to be yours and my wallet, ideally it would come out of the wallets of all these billionaires but instead we give them tax cuts in the big beautiful bill.
That's the problem with tarriffs and sales taxes in general, there regressive. They hit people who spend a majority of there income buying stuff instead of those putting it in a bank and making more money that isn't taxed as much as money earned working.
$2.8T more tax cuts for the rich, hooray!!!
/s
And then the next Republican administration is just going to run up the deficit further because that's all they do.
Yeah... no. The next Republican administration is going to be too busy building concentration camps and putting people in them to bother with boogeymen like the deficit.
Maybe. This country has gone through some dark times before. I have to operate on the belief that things will get better because the alternative... the alternative obviates the need to worry about that money in any event. Because I'm too old to go anywhere else and I will not suffer under the boot of a domestic enemy.
If only there were a way to not crush the average US citizens, like say, raising tax rates to the 90th percentile, on billionaires and corporations.
Doesn’t even need to be the 90th %tile. The 99.9th would do.
I don’t see how any prediction can possibly hold any water since tariffs are totally unpredictable and in flux, and the commerce volume effects they have are huge (and dependent on those rates). Deficit reduction itself is good, but it’s also a regressive tax that directly hits the consumer base.
But I will say the US was basically founded to avoid tariffs, and got real good at smuggling, too.
The letter agrees. It's too unpredictable AND adds that what he's doing hasn't been done so they really have to comparison
So the idea is to wring out the normal people to make rich people richer. Normal GOP strategy for decades, but now on steroids.
these tariffs have been a moronic strategy from the get-go and they're not going to help a goddamn thing and they might not even be put into law the way the things look
The guy who wrote this opinion could not pass econ 101.
Tbf you also buried the lede here and I am mildly annoyed by it
I mean, I did BOLD it. :)
😋
How so? I'm a lil confused by all this lede burying
… while shrinking the economy, raising the inflation rate and reducing the purchasing power of households overall, according to an analysis released Wednesday by the Congressional Budget Office.
That's simply idiotic. Trump and the Republicans' Big Beautiless Bill will send the deficit soaring. Count on it
And who's controlling the CBO these days? What reason is there to believe that they're capable of impartial forecasting anymore?
They're not being provided the data because no one is so it's more reading vibes at this point.
Why should I give a fuck about trade deficits anyway?
How much would it shrink the debt? None?
I suppose that the tariffs could be seen as an income or consumption tax. Politicians have a devil of a time raising taxes as the voters don’t like them and neither do billionaires. Taxing imports maybe a substitute. Gotta get money from somewhere, even if crashing the economy causes pain.
Maybe im just dumb. But when I read "shrink the economy", I thought it meant negative GDP growth. But they actually mean a 0.06%-pnt reduction in the positive GDP growth. i think they should have used a better word.