Trump Promises Huge Tariff Profits, Urges SCOTUS for Favorable Ruling

[TCC]

Trump Promises Huge Tariff Profits, Urges SCOTUS for Favorable Ruling

Trump claims tariffs will boost US revenues if SCOTUS rules favorably. Economic recovery on the horizon.

pjmedia.com

President Donald Trump is certain that his tariffs will bring in record revenues for the United States if the U.S. Supreme Court rules in his favor.

As the Supreme Court considers a suit against the Trump administration and tariffs under the International Emergency Economic Powers Act, the president is making his case to the American people. It would be better for our economy and taxpayers if we could lower taxes and increase tariff revenue.

 

[KMendel]

My question would be: where is this tariff money going? Who is going to oversee the legality of where it goes and how it is used? How is corruption of its use going to be quelled? Lotsa questions right now and seemingly no answers.....

 

[1LoverofGod]

Senate Republican: ‘We can’t afford’ $2,000 tariff checks​

Republican Sen. Ron Johnson (Wis.), a leading fiscal hawk in the Senate, says the country “can’t afford” President Trump’s proposal to send out $2,000 tariff “dividend” checks to working-class Americans to help them afford higher living expenses.

“Look, we can’t afford it. I wish we were in a position to return the American public their money, but we’re not,” Johnson told Fox Business’s Maria Bartiromo.

“We’ll have at least a $2 trillion deficit this year,” Johnson warned, comparing the staggering national deficit projected for 2025 to smaller deficits under former President Obama and during Trump’s first term.

“President Trump had deficits about $800 billion. Obama, in his last four years, $550 billion a year. Now we’re $2 trillion? Completely unacceptable. We have to start focusing on that and doing something about it,” Johnson said.

Distributing $2,000 tariff rebates to millions of Americans would cost approximately $6 trillion over 10 years, if those checks are sent out on an annual basis.

https://thehill.com/homenews/senate/5620244-ron-johnson-tariff-checks/

 

[Tall Timbers]

“President Trump had deficits about $800 billion. Obama, in his last four years, $550 billion a year. Now we’re $2 trillion? Completely unacceptable. We have to start focusing on that and doing something about it,” Johnson said.

I agree with this guy. I suspect the real purpose of the checks which would surely start getting distributed 3-5 months before the 2026 elections is to influence voting.

 

[mattfivefour]

First of all, that article was from The Hill. All Sides in its media bias report notes:

Republicans rated The Hill as Lean Left on average, while Democrats and Independents rated The Hill on the left side of Center.

So, it is not a Trump or MAGA-friendly source. In fact over the years it seems to have taken great delight in poking holes in the President's agendas, efforts and accomplishments.

Secondly, it totally ignores the huge economic boom such a cash disbursement would cause in America: a lot of customer buying, which will produce encouragement for both small and large businesses, motivating expansion, and result in more jobs, more profits, more money in the economy, etc. These are demonstrated historical effects of the implementation of Keynesian policies. Dividends contribute to those goals.

It's understandable that fiscal hawks are scared by the idea of this type of financial largesse by government, but they simple do not understand Keynesian economics. What seems to be financially irresponsible is quite the opposite in effect. Supply-side economics fail entirely in these situations.

Third, the story introduces the idea of how much this would cost over 10 years. This is merely a red herring and is intended to try and discredit the current idea. The President has not even hi tonted at a more than one time distribution. The huge income down the road from future tariffs and the economic boom that will definitely arise from the distribution of these checks will far surpass hanging on to the money now and allowing low and middle-income Americans to continue to struggle in this sluggish economy that, if left alone, will likely result in stagflation ... which will sink us far worse than we are now.

As foolish as the idea of these checks at this time may seem, based on similar actions by other governments in similar economic situations, this is exactly the right thing to do to turn America around fiscally. Even more so when this current distribution is not coming out of normal current government revenues but will be funded by windfall income from the new tariffs.