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Created by Xingguang Wang
President Trump claims that every American will receive at least $2,000 from the increased revenue generated by tariffs. Despite the significant rise in tariff income, concerns about the $38 trillion national debt persist. As tariff revenues surge, Trump is also intensifying efforts on tax reform. Budget experts express skepticism about the feasibility of substantial individual payouts from tariffs, highlighting the complexity of effectively distributing the funds. This development is part of a broader economic strategy amid ongoing debates on fiscal policy and national debt management.
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