hokiewolf said:Cthepack said:hokiewolf said:Oldsouljer said:hokiewolf said:Oldsouljer said:hokiewolf said:Cthepack said:hokiewolf said:Cthepack said:hokiewolf said:
Lol. RevenuesWELCOME TO THE GOLDEN AGE ✨
— The White House (@WhiteHouse) July 29, 2025
Thanks to the leadership of @POTUS, the U.S. has generated over $150B in tariff revenues within the past 6 months. 💸 pic.twitter.com/f0nHQeXPtH
Come on Hokie, you are better than this.
What do the letters IRS stand for?
Prefect! Lets not act like this is anything but transferring money from private businesses and US citizens to the federal government via tax.
For some reason, Republicans have given up on the idea that private business is more efficient than the federal government.
But to sit here and pretend tariffs are not a tax increase, whether on consumers or businesses is getting old.
You keep saying this but I have not seen anyone claim differently. Maybe you have since you spend so much time talking about it.
Huh? People here keep celebrating these turrible tariff deals that aren't deals at all.
Prolly celebrating the income that comes with them for the time being u til the deals are reached.
tariffs reduce the GDP growth, not increase it.
Was speaking of revenue for the Treasury, not GDP. Supposedly, there was a historic surplus this past quarter, though I don't think that term is defined well enough to have meaning, in this instance. But that's what they'd be celebrating.
The GDP growth is because of all the inventory stock up on the 1st quarter.
Honest question are you just trolling? I would understand seeing some of the names you are called.
I will preface this by saying there are lots of variables that go into our GDP calculation.
But hokie, you first say that tariffs reduce the GDP growth, but then say GDP grew in the second quarter due to reduced imports, when one of the main things tariffs do is to reduce imports.
I'm not trolling, it's certainly a thought topic to digest all the nuances. I think, that tariffs haven't hit GDP yet. I think that will be in a future quarter.
There are other countries offsets too from the BBB that help businesses recover from tariff impact. I like all of those things - changing a lot of rules to allow for better growth, but they are going to be offset by tariffs.
The basic point I'm trying g to make, is that the Administration on one hand wants foreign investment and growth, on the other had, they are limiting growth with tariffs.
The GDP needs to grow at a higher rate than what has happened in the last couple years to offset the deficit. That is where my concern lies.
Hope that makes sense.
Maria Bartiromo announced 3.0% growth in GDP this morning. Disappointed?