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Asked about the possibility that tariff revenue will dwindle over time if steep levies on foreign goods encourage Americans to buy US-made products, Secretary Bessent says that may be part of the point. “That's why in the past I called tariff policy done properly, is a shrinking ice cube.... show more

Kaitlan Collins

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559,063 次观看 • 1 年前 •via X (Twitter)

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Sycamore’s Source 的头像

Sycamore’s Source1 年前

Newsflash asshole, the factories are never coming back

Aly Feels 的头像

Aly Feels1 年前

Every time Bessent talks he seems very nervous and uncomfortable lol. Like he knows what he’s saying is BS and everyone can see through it

Dr. G 的头像

Dr. G1 年前

Factories are not coming back. It takes years to build a factory. They’ll just wait four years for another POTUS who will have different policies and ideas.

The Washington Post 的头像

The Washington Post1 年前

Here’s what could get more expensive with Trump’s new tariffs.

Brian Masck 的头像

Brian Masck1 年前

The unemployment rate is very low by historical standards, approximately 4% and we’re headed toward mass deportations. The question is where are all these workers going to come from to fill these factories?

Red Alert Florida 的头像

Red Alert Florida1 年前

We need manufacturing as a national security interest by this point.

Andrew Gaucher 的头像

Andrew Gaucher1 年前

So, then, how does tariff revenue (the shrinking ice cube) eternally offset US income tax exactly?

CryptoMewn 的头像

CryptoMewn1 年前

I don’t think “tariff policy done properly” includes tariffing every single country on every single product all at once.

HeHaTeMe 的头像

HeHaTeMe1 年前

Tariffs kickstart American jobs and paychecks while foreign handouts dry up.

Polycarpus.eth 的头像

Polycarpus.eth1 年前

Trump may have his face on it, but his outstanding team is the reason why they will execute to success.

Jamie 的头像

Jamie1 年前

The assumption that businesses are going to just appear in the US is flawed. There’s a reason businesses go oversees to lessen costs. It’s higher here and if it’s higher now, the tariffs won’t help bring the businesses here because $ will be an even bigger issue.

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“We’re going to have clarity on tax, we’re going to have clarity on deregulation, and I think over the next 90 days it won’t be finished, but we will have much more clarity on tariff policy,” US Secretary of the Treasury Scott Bessent says.

“We’re going to have clarity on tax, we’re going to have clarity on deregulation, and I think over the next 90 days it won’t be finished, but we will have much more clarity on tariff policy,” US Secretary of the Treasury Scott Bessent says.

Yahoo Finance

10,417 次观看 • 1 年前

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!

🚨 JUST IN: Treasury Sec. Scott Bessent INFURIATES MSNBC panel after expertly explaining how tariffs have actually helped Americans "Tariffs help consumers because [we] have brought down the budget deficit. MIT came out with a study that said that 42% of the great inflation was caused by the big deficit spending." "So as you bring down deficit spending, inflation will come down. Right now, we've taken substantial tariff income over time that will rebalance as the factories move to the U.S. and that will become the corporate income or wage income - and by bringing down the budget deficit, we are bringing down inflation!" Scott is setting the record straight!

Eric Daugherty

477,289 次观看 • 11 个月前

🚨REPORTER: "President Trump has talked about replacing income tax with tariff revenue. Is that a possibility?" HASSETT: "Absolutely. The China tariff revenue we're getting from the 10% is between $500B-1T over 10 years. That's outside of reductions we're seeing from negotiations on the hill. The tariff revenue will make it much easier for Republicans to pass the bill and that was our plan all along."

🚨REPORTER: "President Trump has talked about replacing income tax with tariff revenue. Is that a possibility?" HASSETT: "Absolutely. The China tariff revenue we're getting from the 10% is between $500B-1T over 10 years. That's outside of reductions we're seeing from negotiations on the hill. The tariff revenue will make it much easier for Republicans to pass the bill and that was our plan all along."

Autism Capital 🧩

99,829 次观看 • 1 年前

ELON: WE WILL UNIVERSAL HIGH INCOME DURING AN AGE OF ABUNDANCE “We won't have universal basic income. We'll have universal high income. Everyone will have access to this magic genie. It'll be the best tutor, the most patient one. There will be no shortage of goods and services. It will be an age of abundance.” Source: Interview with Rishi Sunak, November 2023

ELON: WE WILL UNIVERSAL HIGH INCOME DURING AN AGE OF ABUNDANCE “We won't have universal basic income. We'll have universal high income. Everyone will have access to this magic genie. It'll be the best tutor, the most patient one. There will be no shortage of goods and services. It will be an age of abundance.” Source: Interview with Rishi Sunak, November 2023

Mario Nawfal

347,764 次观看 • 11 个月前

Elon says robots and AI may give us universal basic high income and remove the need to work. If that happens, what will be the motivation to have children? What will they do with their time?

Elon says robots and AI may give us universal basic high income and remove the need to work. If that happens, what will be the motivation to have children? What will they do with their time?

Sovey

11,184 次观看 • 3 个月前

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag

ELON: "IN A BENIGN SCENARIO, NONE OF US WILL NEED A JOB" "In a benign scenario, probably none of us will have a job. But in that benign scenario, there will be a universal high income. Not universal basic income, universal high income. There will be no shortage of goods or services. And I think the benign scenario is the most likely scenario, probably, I don’t know, 80% likely in my opinion. The question will not be one of lacking goods or services. Everyone will have access to as much in the way of goods and services as they would like." Source: Elon Musk, Doochebag

Mario Nawfal

718,015 次观看 • 11 个月前

It’s inevitable now… Income Tax is going away! Trumps National Economic Council Director on replacing the income tax with tariff revenue... is that a possibility?" —— Absolutely…. It was his plan all along. Abolishing the federal income tax will save families roughly between $5,000 to $20,000 a year… depending on earned income. But the real savings comes from the domino effect this will have on everything else… This is just the beginning.

It’s inevitable now… Income Tax is going away! Trumps National Economic Council Director on replacing the income tax with tariff revenue... is that a possibility?" —— Absolutely…. It was his plan all along. Abolishing the federal income tax will save families roughly between $5,000 to $20,000 a year… depending on earned income. But the real savings comes from the domino effect this will have on everything else… This is just the beginning.

MJTruthUltra

1,913,920 次观看 • 1 年前

BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.” In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue could immediately fund tax relief for working Americans. Asked whether the U.S. would prioritize long-term tariff revenue or future trade deals, Bessent said: “I think it is a combination of both.” He explained that talks are already underway with 17 of America’s 18 key trading partners—and many are already flying into Washington. But the biggest news? “What President Trump is referring to is the ability for tariff revenue to give income tax relief,” Bessent said. “I think there is a good chance we will see this in the upcoming tax bill.” Trump’s vision: – No tax on tips – No tax on Social Security – No tax on overtime – Restored auto loan interest deductibility (for American-made vehicles) According to Bessent, tariff income could cover those tax cuts right away. When asked if tariffs will play a long-term role in U.S. fiscal policy, Bessent didn’t hesitate: “Tariffs will bring back American manufacturing and generate substantial revenues.”

BREAKING: Treasury Secretary CONFIRMS Trump’s plan to swap income tax for tariffs — “There is a good chance we’ll see it in the upcoming tax bill.” In a bombshell moment during the White House press briefing, Treasury Secretary Scott Bessent just confirmed that tariff revenue could immediately fund tax relief for working Americans. Asked whether the U.S. would prioritize long-term tariff revenue or future trade deals, Bessent said: “I think it is a combination of both.” He explained that talks are already underway with 17 of America’s 18 key trading partners—and many are already flying into Washington. But the biggest news? “What President Trump is referring to is the ability for tariff revenue to give income tax relief,” Bessent said. “I think there is a good chance we will see this in the upcoming tax bill.” Trump’s vision: – No tax on tips – No tax on Social Security – No tax on overtime – Restored auto loan interest deductibility (for American-made vehicles) According to Bessent, tariff income could cover those tax cuts right away. When asked if tariffs will play a long-term role in U.S. fiscal policy, Bessent didn’t hesitate: “Tariffs will bring back American manufacturing and generate substantial revenues.”

The Vigilant Fox 🦊

537,752 次观看 • 1 年前

WOW: Bessent reveals U.S. has already pulled in over $100 billion from tariffs on other countries just over the past few months. This is huge. Staggering numbers from Treasury Secretary Scott Bessent at Trump’s cabinet meeting today. He laid out just how much tariff revenue has come in so far: “We've taken in about $100 billion in tariff income thus far this year. And that's with the tariffs—the major tariffs not having started until the second quarter.” “So we could expect that that could be well over $300 billion by the end of the year.” And looking down the pipeline? “We don't agree with CBO scoring. But for those who do, the CBO scored tariff income over the next 10 years at $2.8 trillion, which we think is probably low.”

WOW: Bessent reveals U.S. has already pulled in over $100 billion from tariffs on other countries just over the past few months. This is huge. Staggering numbers from Treasury Secretary Scott Bessent at Trump’s cabinet meeting today. He laid out just how much tariff revenue has come in so far: “We've taken in about $100 billion in tariff income thus far this year. And that's with the tariffs—the major tariffs not having started until the second quarter.” “So we could expect that that could be well over $300 billion by the end of the year.” And looking down the pipeline? “We don't agree with CBO scoring. But for those who do, the CBO scored tariff income over the next 10 years at $2.8 trillion, which we think is probably low.”

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Reporter: “The $40T mark that we passed for the national debt. Would you comment on that and how do we reverse that?” Treasury Secretary Scott Bessent: “The $40T is a big number. It’s smaller when we look at the publicly traded amount… We’re going to have to grow our way out of this… Director Russ Vought and I have been tasked with looking at fiscal consolidation… We’ve had to do a substantial tariff refund because of the court’s ruling, but with the section 301 tariffs, I am confident that we will be back to—the same level if not higher— of tariff income for last year, and that is most of the increase in the deficit.”

Reporter: “The $40T mark that we passed for the national debt. Would you comment on that and how do we reverse that?” Treasury Secretary Scott Bessent: “The $40T is a big number. It’s smaller when we look at the publicly traded amount… We’re going to have to grow our way out of this… Director Russ Vought and I have been tasked with looking at fiscal consolidation… We’ve had to do a substantial tariff refund because of the court’s ruling, but with the section 301 tariffs, I am confident that we will be back to—the same level if not higher— of tariff income for last year, and that is most of the increase in the deficit.”

RedWave Press

91,631 次观看 • 1 个月前

Q: “What can you tell us about how [the 2025 tariff revenue] will have to be repaid?” Bessent: “I can't tell you anything because on Friday the Supreme Court did not address that…It's out of our hands since it's in the court, and we will follow the court's orders.”

Q: “What can you tell us about how [the 2025 tariff revenue] will have to be repaid?” Bessent: “I can't tell you anything because on Friday the Supreme Court did not address that…It's out of our hands since it's in the court, and we will follow the court's orders.”

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Brian Roemmele

84,225 次观看 • 6 个月前

The reason Trump is calling today “Liberation Day”, is because if Trump’s tariff economic plan is successful, income taxes will be no more, and the American People will no longer be tax slaves to a corrupt system. Today will be known as the day that ended our economic slavery. If Trump’s plan is successful, and tariffs replace income tax, the quality of life for the American People will be significantly better, and we will no longer be indentured servants to a corrupt machine. No longer will our labor be taxed to fund war and destruction around the globe. No longer will our labor be taxed just for the corrupt ruling class to line their pockets off of our suffering. We are currently slaves to the IRS, and Trump’s tariff economic plan is trying to end that. That’s why, if Trump’s plan works, today will be know as “Liberation Day”. Trump is trying to get rid of income tax.

The reason Trump is calling today “Liberation Day”, is because if Trump’s tariff economic plan is successful, income taxes will be no more, and the American People will no longer be tax slaves to a corrupt system. Today will be known as the day that ended our economic slavery. If Trump’s plan is successful, and tariffs replace income tax, the quality of life for the American People will be significantly better, and we will no longer be indentured servants to a corrupt machine. No longer will our labor be taxed to fund war and destruction around the globe. No longer will our labor be taxed just for the corrupt ruling class to line their pockets off of our suffering. We are currently slaves to the IRS, and Trump’s tariff economic plan is trying to end that. That’s why, if Trump’s plan works, today will be know as “Liberation Day”. Trump is trying to get rid of income tax.

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