2 Nov 2025 6:46 am
Researchers?Blackvegetable » 29 Oct 2025, 11:13 am » wrote: ↑ Research pegs Trump tariffs as largest tax increase since 1993
The Trump administration’s tariff policies are poised to deliver the largest tax increase for US households in more than three decades, according to new estimates from the Tax Foundation.
With the full suite of tariffs now in effect or scheduled, the nonprofit estimates that the average American household faces an additional $1,300 in taxes this year and $2,000 in 2026 – costs that are already rippling through retail prices and consumer budgets.
The Tax Foundation’s analysis, published Monday, finds that the tariffs imposed under the International Emergency Economic Powers Act and Section 232 authorities have pushed the average effective tariff rate to 11.4%. That’s the highest level since 1943, and a sharp jump from the 1.5% average applied just three years ago.
While the Trump administration has repeatedly denied that tariffs are taxes, the Tax Foundation asserted its tariffs “are the largest US tax increase as a percent of GDP (0.55 percent for 2025) since 1993, surpassing the tax increases enacted under President Barack Obama and President George H.W. Bush.”
https://www.investmentnews.com/equities ... 993/262768
So **** g'ddammned stupid....
Like the researchers that predicted Miami would be totally underwater by now?