The University of Pennsylvania’s Penn Wharton Budget Model makes that easy to do, cleaning up and analyzing raw data the ...

As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period ...

They make the important point that tariff revenue is dwarfed by federal income tax revenue. This begs the question of how feasible the proposal actually is. No government in history has ever ...

In his Rose Garden speech launching a global trade war by announcing the most sweeping tariffs in modern history ... the United States imposed its first tax on income to help fund the massive ...

Back in the glory days of the 1800s, tariffs on imported ... Trump insisted that the United States was “most successful” from 1870 to 1913, until the income tax went into effect and everything ...

President Donald Trump holds up the chart ... But the tariffs would also reduce Americans’ after-tax income, amounting to “an average tax increase of more than $2,100 per US household in ...

The Trump Tariff Tax is the largest peacetime tax hike in U.S. history. These Tariffs are ... taxes on imports include showing the United States would charge include China at 34%, the European ...

A discussion of the origins of tariffs in the US ... the 16th Amendment to the US Constitution, which established Congress’s right to impose a federal income tax. The ability to raise ...

But even if Navarro’s proposed figure is hugely inflated, the cost of tariffs on a dollar basis is still likely to represent a huge tax increase unlike anything seen in US history. On a ...