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The impact of the tariff program on the federal deficit
The Trump administration’s 2025 economic record centers on a package of tax and regulatory changes, a heavy reliance on tariffs and “America First” trade policy, and a suite of policy claims about fas...
The estimated the at roughly $1.8 trillion in its Monthly Budget Review and related outputs , while the ’s analysts—through the and —project a lower 2025 deficit around $1.6 trillion based on dynamic ...
Independent economists broadly agree that the 2017 tax cuts and deregulatory push produced short-run boosts to business confidence, investment, and hiring, but they disagree sharply about the lasting ...