Donald Trump is now apparently planning to request a $600 billion increase in annual military spending starting in October, financed by another huge jump in import taxes (tariffs). I said “apparently” since it’s not clear that he thinks he has to request authority for this spending increase or massive tax hike from Congress.
  • naeap@sopuli.xyz
    0·
    1 month ago

    600 billion increase in annual military spending starting in October, financed by another huge jump in import taxes (tariffs)

    How can US import taxes, paid by the importer (US), be used to finance something in the US?
    What am I getting wrong here?

    • Username67@lemmy.world
      0·
      1 month ago

      Customers in the US are paying the tariffs prices which are being spent by the government. It’s just another drain that flows up