[abvdasker]

If the Trump admin's goal were to reduce the national debt it would make way more sense to use fiscal policy (increase taxes) rather than some roundabout way to force the Fed's hand on monetary policy. The tariffs do basically function as a massive regressive tax increase in the form of a sales tax, but that comes with truly immense risks on the demand side of the economy. Guess what happens to tax revenue during a recession.

[TehCorwiz]

There likely won't be any tax revenue. https://finance.yahoo.com/news/trump-wants-eliminate-income-...

[throwway120385]

I'll believe it when I see a bill pass the House. But this adminstration loves to make bold claims about what it's going to accomplish without gathering the necessary votes in the House, where it could most certainly push a bill through. News articles don't count.

[Zamaamiro]

Actually very unlikely unless Congress passes a bill.

[TaurenHunter]

Trump is already increasing taxes (tariff is a tax on consumption of imported goods). A recession is inevitable if you need interest rates to go down.

[Zamaamiro]

... while simultaneously adding trillions to the deficit to finance tax cuts for the rich.