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September’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.
Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus
By Mises InstituteSeptember’s fiscal surplus was not thanks to tariff revenue. In truth, it was thanks to Americans paying more in income tax. Tariffs were only 5.7 percent of revenue.
Original article: https://mises.org/mises-wire/no-tariffs-did-not-cause-septembers-budget-surplus