CBO Forecasts Tariffs Will Reduce US Deficits by $4 Trillion from 2025-2035
by Brian Wang from NextBigFuture.com on (#6ZH39)
The CBO (Congressional Budget Office) projecst that increases in tariffs implemented during the period from January 6, 2025, to August 19 will decrease primary deficits (which exclude net outlays for interest) by $3.3 trillion if the higher tariffs persist for the 20252035 period. This will also reduce federal outlays for interest by an additional $0.7 ...