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realcaseyrollins@narwhal.city to Finance@thelemmy.club · 1 day ago

Record $16B tariff inflow helped ease the US budget deficit rate

www.foxbusiness.com

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Record $16B tariff inflow helped ease the US budget deficit rate

www.foxbusiness.com

realcaseyrollins@narwhal.city to Finance@thelemmy.club · 1 day ago
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U.S. tariff revenue hit a record $16.3 billion in April, easing the budget deficit rate as President Donald Trump's sweeping tariffs took hold.

The April receipts saw the federal government post a $258B budget surplus for April, up 23% from a year earlier

https://www.foxbusiness.com/politics/record-16b-tariff-inflow-helped-ease-us-budget-deficit-rate

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  • abdominable@lemm.ee
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    1 day ago

    Breaking news, taxing people leads to more government money. Next on water is wet news.

    • realcaseyrollins@narwhal.cityOP
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      1 day ago

      I think the news here is that the money actually went towards reducing the deficit rather than being spent on something else.

      • abdominable@lemm.ee
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        1 day ago

        I don’t know why youd think that when they have plans for the money and it sure as hell won’t be to reduce the deficit.

        • realcaseyrollins@narwhal.cityOP
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          1 day ago

          It’s because they don’t have plans for the money and it was used to reduce the deficit

          • abdominable@lemm.ee
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            1 day ago

            Might want to reread that article because it’s not reducing anything, they are spending more money not less.

            • realcaseyrollins@narwhal.cityOP
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              24 hours ago

              What do you think “deficit rate” means?

  • nocturne@sopuli.xyz
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    1 day ago

    But at what cost? Businesses are closing because they cannot afford to pay the tariffs on their products.

  • greenfire
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    1 day ago

    Wasn’t it Dick Cheney who said “Deficits don’t matter” a while ago?

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