NOT FOR REPRINT
Trump’s Tariffs Raise Tax-Cut Stakes With Recession Fears Rising
News April 07, 2025 at 01:33 PM
Share & Print
What You Need To Know
- Trump's tariffs could undermine any economic boost from tax cuts.
- If the tariffs proceed, most economists see a sizable boost to inflation.
- The Tax Foundation has estimated the announced tariffs will impose an average tax hike of over $1,900 per household for 2025.
Immediate Answers to Critical Tax Questions At Your Fingertips
Keep up with the latest tax rules and regulations with weekly, exclusive updates by our Tax Facts experts.
Get More InformationRecently Added Q&As
How are business expenses reported for income tax purposes?
Get Answer
What is a charitable IRA rollover or qualified charitable distribution?
Get Answer
What are the tax benefits that can be realized by providing employee benefits through a cafeteria plan?
Get Answer
What are the Social Security and Medicare tax rates for traditional employees and employers?
Get Answer
What developments have emerged regarding a fiduciary’s consideration of environmental, social and governance (ESG) issues in making investment decisions?
Get Answer
What are the Social Security tax and Medicare rates for self-employed taxpayers?
Get Answer
How is a money market fund shareholder taxed?
Get Answer
How was the alternative minimum tax calculated for certain small corporations prior to repeal by the 2017 tax reform legislation?
Get Answer
