- Impact of 2025 Tariffs: Trump’s proposed tariffs for 2025 are set to affect nearly 75% of US food imports, leading to increased prices on many products that are challenging or impossible to produce domestically.
- Senator Hawley’s Rebate Proposal: Senator Hawley has suggested a rebate program aimed at returning some of the tariff revenue to households, raising questions about its actual effectiveness in alleviating the financial burden on consumers.
- Economic Insights: In the discussion, Kyle Hulehan and Alex Durante, Senior Economist at the Tax Foundation, explore the mechanics of these tariffs, the trade-offs associated with the rebate program, and argue that repealing the tariffs entirely may be the most beneficial solution.
Source Tax Foundation
Latest Posts in "United States"
- New York ALJ Rules Telecom’s FUSF Fees in Bundled Services Subject to Sales Tax
- Texas Ruling: Telehealth Services Not Taxable as Data Processing or Information Services
- Wisconsin Bulletin Clarifies Tariffs as Part of Taxable Sales and Purchase Prices
- Arkansas Rules Online Platforms Must Collect Sales Tax for Both Virtual and In-Person Events
- Florida Repeals Business Rent Tax Effective October 1, 2025: New Guidance Issued
