After reading a bit about the history of tax in the USA, I was surprised to learn that in the very beginning federal government was mostly funded by tariffs.
So.. Extra tariffs will bring extra tax revenue. Will federal government cut income/corporate taxes to adjust for it? Or perhaps any paid tariff can be written off of tax bill?
So.. Extra tariffs will bring extra tax revenue. Will federal government cut income/corporate taxes to adjust for it? Or perhaps any paid tariff can be written off of tax bill?