XPost: alt.fan.rush-limbaugh, alt.politics.republicans, alt.computer.workshop
'Congressional Budget Office: Trump's tariffs can cut deficits by $4
TRILLION!'
'Forecasts come in light of the adoption over the summer of president's
One Big Beautiful Bill'
<
https://www.wnd.com/2025/08/congressional-budget-office-trumps-tariffs-can-cut-deficits/>
'President Donald Trump's agenda to use tariffs to push for fair trade
deals, raise revenue for America and support U.S.-based business and
industry sparked the first monthly trade surplus in years. In happened
when the surplus was reported at $27 billion, just weeks ago.
And the longer term impact appears to be even brighter.
A report at the Washington Examiner detailed a new projection from the Congressional Budget Office, the nonpartisan organization that keeps its
thumb on America's wallet.
That group is predicting Trump's tariff agenda, if maintained, would
"decrease total deficits by up to $4 trillion over the next decade."
"CBO projects further increases in tariff revenues in the coming
months," director Phillip Swagel wrote. "If there are no further changes
in tariff rates, we project that customs duties from new and existing
tariffs will total about $200 billion this fiscal year."
The nation has a total debt now of about $37 trillion, with each
citizen's share more than $108,000.
The forecasts come in light of the adoption over the summer of Trump's
One Big Beautiful Bill that established a secure future for the Trump
tax cuts of his first term. It also addresses a long list of other
government actions, including massive cuts in spend in several areas.
It calls for an elimination of tax funding to the abortion industry
giant Planned Parenthood, which has gone to court claiming it can,
through the courts, force taxpayers to deliver cash to its accounts even
though Congress and the president have determined that should not be
spent.
Oddly, there are now entry-level court judges who have agreed with this
concept of a constitutional right for abortionists to tax money.
The CBO estimates the OBBBA will represent a $4.5 trillion decrease in
tax revenues and a $1.1 trillion cut in spending through 2034.
But White House officials are counting on economic growth as well as
hundreds of billions in new tariff revenue to help the nation.
The Council of Economic Advisers earlier suggested the legislation that
came to be the OBBBA would produce a deficit reduction of up to $2.3
trillion over a decade, from growth'
--- SoupGate-Win32 v1.05
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