Tariffs are taxes.
Tariffs are regressive taxes.
Tariffs are distortionary, regressive taxes.
Tariffs are distortionary, regressive taxes that raise prices for US businesses and consumers.
Tax Foundation
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Tax Foundation
@TaxFoundation
Leading nonpartisan tax policy research and analysis
- Actually Americans will pay the tariffs.
- Tariffs are taxes. Tariffs are regressive taxes. Tariffs are distortionary, regressive taxes. Tariffs are distortionary, regressive taxes that raise prices for US businesses and consumers.
- Tariffs are taxes.
- We estimate Trump's 25% tariffs on Canada and Mexico and 10% tariffs on China will: 🔹 Increase taxes by $1.2T (2025-2034) 🔹 Reduce GDP by 0.4% 🔹 Reduce employment by 344k jobs 🔹 Result in an average tax increase of $830 per US household (2025)
- Tariffs are taxes.
- Corporate tax rates have been declining in every region around the world over the past four decades as countries have recognized their negative impact on business investment: buff.ly/3qCIJhT @ElkeAsen
- Corporate tax rates have been decreasing around the world over the past four decades as countries have recognized their negative impact on business investment. Rates between 20 percent and 25 percent are now most common: buff.ly/3qCIJhT @ElkeAsen
