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The Latest Breaking News from Erica York

Trump’s tariffs cancel out what he claims is ‘the largest tax cut in American history’: The average person will lose $300 even after refunds

“If the tariffs were out of the picture, it would be real relief for American workers and businesses,” the Tax Foundation’s Erica York told Fortune.

Fortune

Trump's $2,000 Tariff Dividend Stumbles On Math: Cost Far Exceeds Revenue

President Donald Trump's proposal to fund $2,000 "tariff dividend" checks for American households using revenue from his new import tariffs faces a massive arithmetic gap, with estimated costs vastly outpacing revenues by hundreds of billions of dollars.

Benzinga

Trump’s $2K Dividend: Who Qualifies and How You’ll Get It

Here's who might qualify and how Americans could receive the money.

GOBankingRates

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Trump's $2,000 Tariff Checks Gain Steam As Sen. Katie Britt Says Senate Should 'Take A Look' Amid Soaring 18% Consumer Tariff Burden

Momentum is building behind President Donald Trump's push to send Americans $2,000 in tariff-funded payments as GOP lawmakers signal a willingness to consider the proposal.

Benzinga

Trump's Tariff Revenue Inadequate To Cover His $2,000 Dividend Plan, Warns Tax Expert: 'No Leftover...'

President Donald Trump expressed support for providing Americans with $2,000 in tariff dividend checks, though experts note that the source of funding for the plan remains unclear.

Benzinga

President Trump proposes $2,000 tariff rebate check — here's who could get it

President Trump floated the idea of giving every American adult $2,000 out of the US’ collected tariff revenue. Here’s everything you need to know about these proposed tariff checks.

Tom’s Guide

Trump promises a $2,000 tariff 'dividend' that Treasury secretary says could come via tax cuts already signed into law

"The $2,000 dividend could come in lots of forms, in lots of ways," Bessent said.

Fortune

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How much will Donald Trump’s tariffs cost US families?

US households will have to pay an estimated $4,000 more per year due to tariffs imposed by the US president.

Al Jazeera

Even on Pause, Trump's Trade War Runs Up a Big Price Tag

Predictions vary as to the ultimate cost, but there’s no doubt that tariffs create economic pain.

Reason

Did Donald Trump impose ‘the largest tax hike in our lifetime’?

Tariffs act as a tax on imports, raising prices for consumers. They might be the highest since 1951.

Al Jazeera

Fact check: Trump’s misleading tariff chart - Roll Call

Economists say Trump's 'reciprocal' tariffs appear to be 'some other made-up measure based on a formulaic trade deficit calculation.'

Roll Call

Trump's Destructive Tariff Proposals Will Make Us All Poorer

The candidate’s protectionism offsets some otherwise positive tax ideas.

Reason

Trump tax plan helps top 5%, hurts 95%

"This is an enormously redistributive tax plan from low- and middle-income families to the wealthiest Americans"

Salon

Fact-checking Day 4 of the Democratic National Convention - Roll Call

The Democratic convention wrapped up with Vice President Kamala Harris’ speech accepting the party’s nomination for president. She made some misleading or unsupported claims about her opponent.

Roll Call

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Salon

Experts: "No tax on tips" is a bad idea

Trump and Harris agree that tips shouldn't be taxed. Economists agree that won't help much — and could backfire

Fortune

How much America's richest people would pay under a billionaire tax is pretty complicated

Elon Musk and Bill Gates could owe billions under the Billionaire Minimum Income Tax. But how that tax would play out depends on several factors.

People

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