1523
Hooray!
(lemmy.dbzer0.com)
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Isn't this redundant? The tariff is federal income. The refund is federal spending. The amount is (presumably) identical.
Officially, yes, but it's much more accurate to call it a consumer expense. Because that's what it is.
The federal government cut corporate taxes and otherwise enriched corporations by much more than the tariffs and the vast majority of the corporations just raised prices by as much as or MORE than the tariffs, raking in huge profits while most people have to be buried in debt to just survive.
Weird to assume accurate math and a lack of grift from the fascist kakistocracy, but you do you, I guess 🤷🏻
Sure, in so far as one man's income is another man's expense.
The Feds also ramped up issuance of debt to cover the deficit spending. But since we aren't adhering to any kind of balanced budget, there's no relation between these policies.
By contrast, the tariff rebates absolutely have a 1-to-1 correlation between income and refund. You're double counting if you claim that you've paid a tariff AND you paid a refund. Your taxes didn't go up to pay for the refund. As you noted, tax rates have only fallen.
I'm assuming tariff = refund until I see evidence to the contrary.
I'm not just going to make up an extra imaginary offense because I don't like the real policies from the real people really in office.