President Donald Trump has touted his tax cuts as a major step toward ending the affordability crisis, but a wider analysis of his economic policy reveals that the refunds will likely not offset the burden of tariffs on American households.
Nonpartisan think tank the Tax Foundation previously estimated that Trump’s tax cut would reduce individual taxes by $129 billion, and up to $100 billion of that could be headed toward refunds, increasing an average return of up to $1,000 compared with last year.
