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.

 

[TCC]

The way I understand in general what Pastor has noted above, is somewhat rather different than from perhaps an average take. When we look at something like the new tariff approach, the tendency is to view it from whence we came and according to what we have known along the way. This, of course, is sound. How else are we suppose to look at it? Right? I mean we can't consult with our future selves and backward engineer the thing. So of course it makes sense to be considering everything through the somewhat of a our thick social moment stew. For there is nothing else to really draw upon.

But the ways things can look and be discoverable from could actually exist I believe. What nudges me to consider what we are looking at outside our social moment is the anomalies permitting us to do so. Some believe everything we are looking at is just theater. All politics is the evil one deceiving. And as much as i understand that concern (especially in a day and age like ours to consider), and have even shared in it in years gone by, I kind of see that approach as rather a somewhat fleshy (by sight rather than by faith) perspective (although i do understand it and can't really entirely blame anyone for having leanings in that direction). In some significant way, since this approach has gained some steam and traction in evangelicalism in general, it would have me consider what something like this might look like as a mirror.

As a mirror, it would suggest that perhaps instead of "all the world is an evil theatrical stage in the lap of the evil one," what the mirror opposite of that would look like is that God is sovereign and cares in ways in His last age of grace days we might not have stopped and smelled the flowers as much in how its fragrance might warrant. For if we are in some providential opposite mirror effect of a church age trying to make sense of the world through how the enemy likely might operate in it, we are kind of I guess left at the mercy of God's character. This is something I don't see as taken into account as much as views on how dark things must get.

So I guess because of a tendency to "walk by sight-ism" of sorts, I would think that sort of phenomenon might cue permission to wonder what it would look like if God's character were demonstrated in the close of the age of grace (a character beyond His wrath). And although getting a deeper and deeper sense of God's character is a lifelong + journey (for we will have all eternity to journey that out), and even though we need no special permission to consider His character on the daily, this mirror of contrast mentioned above certainly at least begs the question of perhaps how much instead we might and should.

. . . . .

If we did, I believe things would look somewhat different. Because if God's character is the starting point, the tug-of-war of just how much previously held ground about how its mostly about the evil one today should we be giving up does not exactly exist in these deeper considerations based rather purely on God's character (more than our own understanding). It does not become how much "evil one influence" ground to give up as much as it is what to look for if God's character is on greater display in the age of grace wrap-up. One thing somewhat giving us biblical permission in this arena (aside from God's character being all over the place in scripture in general) is what seems to be forming in the background, Ez 38. How does that end? Does that show God's character greater? If so and we are in some proximity to it, would that not suggest we might be living in proximity to a time where God's character is to be shown greater? It is along these lines i would see America triumph over central banking and the FED (globalism), leading the world in healthier economics, granting Israel more agency in the world (though unbelieving and not deserving) not as things that have to be proven to us. But rather natural outcomes of a sovereign God who might care more about our day and age than perhaps we might imagine. Blessings.

 

[mattfivefour]

Exactly the attitude. Don't focus and dwell on the fallen world and the evil that is so rampant here, but on the God who --OVER ALL-- rules and reigns and holds every aspect of our individual lives in His unfailing hands. It's a matter of perspective.