U.S. tariffs are low and income taxes high so raising revenue with tariffs may make economic sense. A U.S. GST would make even more

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Donald Trump’s just-passed One Big Beautiful Bill Act keeps corporate and personal income taxes low, which is good for U.S. competitiveness. But it also produces higher deficits: US$3.4 trillion higher over 10 years, the Congressional Budget Office (CBO) estimates. Republicans argue that tariffs, which were not included by the CBO since they were not part of the bill, substantially fill the gap. The