Donald Trump is now apparently planning to request a $600 billion increase in annual military spending starting in October, financed by another huge jump in import taxes (tariffs). I said “apparently” since it’s not clear that he thinks he has to request authority for this spending increase or massive tax hike from Congress.
  • naeap@sopuli.xyz
    51·
    1 day ago

    600 billion increase in annual military spending starting in October, financed by another huge jump in import taxes (tariffs)

    How can US import taxes, paid by the importer (US), be used to finance something in the US?
    What am I getting wrong here?

    • Username67@lemmy.world
      6·
      1 day ago

      Customers in the US are paying the tariffs prices which are being spent by the government. It’s just another drain that flows up

        • floofloof@lemmy.caOP
          3·
          1 day ago

          Its a way for Republicans to raise people’s taxes without the most ignorant people (their voters) realizing that’s what they’re doing. Then when the voters find they have no money they’ll vote Republican harder because it must be those immigrants, welfare queens and trans people taking it all.

  • Noite_Etion@lemmy.world
    1·
    1 day ago

    I’m sure all that money will be spent effectively and not just end up enriching billionaires even further.