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The Congressional Budget Office reported federal revenues are starting to surge, as they are up about 18% since June.
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Trump's Tariffs to Generate $300 Billion for Federal Government: Is It Worth the Inflation Risk?The Trump administration's tariffs promise significant federal revenue, but rising inflation raises concerns. As the Federal Reserve grapples with economic pressures, the question remains: do the ...
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Tariff income won’t come close to balancing the federal fisc.
But if everything goes smoothly, the CBP sends tariff revenue to the U.S. Treasury’s general fund, which is where our federal ...
House Speaker Mike Johnson touted an alleged federal budget surplus for June 2025, the first since 2017, and said with ...
Economists broadly expect the tariffs to add 1 to 1.5 percentage points to the inflation rate by the end of the year, which could leave it between 3.5% and 4%. Inflation peaked at 9% in 2022 and got ...
Data from the federal government’s most recent fiscal year, which ended Sept. 30, 2024, show that federal income tax revenues amounted to about $2.4 trillion. And in calendar year 2024, U.S ...
The White House did not respond to a request for comment. Why did tariffs work in the past? Between 1870 and 1913 – the year federal income tax became law – tariff revenue tended to bounce ...
Even from the Civil War until 1913, when the Constitution was amended to provide an income tax, tariffs produced 50 percent of federal revenue. In 1900, government at all three levels — ...
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