Birdwatch Note Rating
2025-01-03 21:51:56 UTC - HELPFUL
Rated by Participant: 310EB6212F8C2295E3C105BEA324BE43CA572F5E5C8190F35A532B3CF6B6A511
Participant Details
Original Note:
The graph does not support the statement, it only shows the ratio of tariffs to other income. In reality, tariffs and excise have increased hugely. Evidence shows that large-scale tariffs result in declines in productivity and a loss of international competitiveness. https://upload.wikimedia.org/wikipedia/commons/e/e0/Federal_taxes_by_type.pdf https://www.whitehouse.gov/cea/written-materials/2024/07/12/tariffs-as-a-major-revenue-source-implications-for-distribution-and-growth/#:~:text=Indeed%2C%20the%20evidence%20shows%20that,effects%20on%20the%20trade%20balance
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